Imperial Capital Website Important Legal Information
Disclaimer of Warranty and Limitation of Liability

The Research Information provided in this website is directed at and is intended for distribution to Imperial Capital, LLC's ("Imperial Capital") institutional clients, retail clients and or qualified guests. By connecting to this website you agree to be bound by the terms and conditions set forth on this page.

Neither the information and/or opinions expressed in the Research Information on this website constitute an offer to buy or sell any securities or financial instruments or provide any investment advice or service. The reports and information contained therein are intended for United States citizens eighteen (18) years of age or older.

Information contained within these reports is "as is" and has not been verified by us. Imperial Capital does not warrant the timeliness, accuracy or completeness of the material made available to you for any particular purpose. Imperial Capital is not agreeing to or required to update any research reports or continue to comment on any particular security; therefore, information presented may not reflect events occurring after the date of publication. All opinions and estimates merely constitute Imperial Capital's judgement as of the date of the report and are subject to change without notice.

Imperial Capital (or one of its affiliates), its Officers, Directors and/or Employees, will not be liable or have any responsibility for any loss or damage you incur by use of this website or materials contained therein or inability to access the website. Investment in any Company or Entity discussed herein may not be suitable for all investors. By accessing this website, the user acknowledges that Securities discussed herein involve substantial risk and that this type of investment should be purchased by investors* able to accept the risk, including but not limited to the possibility of a complete loss of principal.

Imperial Capital (or persons/entities associated with it) may own or make a market in the securities described in this website, make purchases or sales while the reports are in circulation and/or from time to time perform or solicit investment banking or other services. Further, an Employee, Analyst, Officer, or a Director of Imperial Capital, or its affiliates, may serve as a director for companies mentioned in this Research Information. A portion of research analyst’s compensation is based on investment banking revenues of Imperial Capital.

Imperial Capital and its affiliates make no representation that the companies which issue securities which are the subject of their research reports are in compliance with informational reporting requirements imposed by the Securities Exchange Act of 1934. Sales of securities covered by this report may be made only in those jurisdictions where the security is qualified for sale.

Access to Imperial Capital's research is for informational purposes only and is not investment advice or an offer by Imperial Capital to buy or sell any security referred to in this Research Information. The investment strategies presented are not suitable for all investors and it is important that you make your own investment decisions based on your personal risk tolerance and investment objectives. By registering for access to this website you represent you (and/or your spouse) are not an employee of a broker/dealer or any other FINRA registered firm or any securities self-regulatory organization. Imperial Capital may discontinue or change your access to the website and may cancel or amend these terms and conditions at any time. Your use of Imperial Capital's website will be deemed acceptance of these conditions whether or not you actually read these terms and conditions.

Imperial Capital is not responsible for any delays or errors in any information or services you access from the website, or for systems performance or damage to your computer or software as a result of using the website. From time to time access to the website may be limited or unavailable during periods of peak demand or for Imperial Capital to conduct systems maintenance or for other reasons at the discretion of Imperial Capital.

Imperial Capital may monitor your activity on the website, and you agree to waive any right of privacy or confidentiality you may have with respect to such activity and any information you provide to Imperial Capital through this website.

Imperial Capital will not accept e-mail instructions to a) buy or sell any security at any time, b) change any personal information or change address information.

The Research Information contained on this website may not be reproduced, stored in a retrieval system, or transmitted in any form without the prior written consent of Imperial Capital.

*Who understand the sophisticated nature of the securities discussed.