Disclaimer

Site Access

Access to and use of this Spencer Clarke LLC web site is provided subject to the following Terms and Conditions of use. PLEASE READ THEM CAREFULLY. If you do not accept these Terms and Conditions of Use you are not authorized to proceed further and should exit this web site. If you proceed to access this site, you accept these Terms and Conditions of Use. Each time you use this site, your use indicates your full acceptance of and agreement to abide by these Terms and Condition of Use in its then current form. Terms and Conditions of Use Notice of content filtering and monitoring: Spencer Clarke LLC reserves the right to monitor, filter and archive all e-mail communications sent and/or received by its employees and to forward such e-mail to someone other than the recipient.

Notice of Trading Restrictions

Spencer Clarke LLC will not acknowledge any orders, instructions, and/or requests transmitted via e-mail. Please do not send time sensitive requests and/or instructions via e-mail. Spencer Clarke LLC cannot be responsible for e-mail that is not read or deleted. You agree not to use e-mail to send messages to Spencer Clarke LLC giving instructions about your account, including, but not limited to, any order to buy or sell any security, contract or financial instrument of any kind, to transfer funds or to transmit any other time-sensitive instructions.

Terms and Conditions

Notice of conformity to applicable laws and jurisdiction: Information appearing on the pages of this web site is provided in accordance with, and subject to, the laws of the United States of America, and you are hereby advised that, by virtue of your browsing or accessing these pages you have accepted the laws of the United States of America as the law governing the conduct and operation of this web site. The courts of the United States of America shall have exclusive jurisdiction over all claims or disputes arising in relation to, out of or in connection with this web site and it’s use. Should you not wish to accept the laws of the United States of America, or the jurisdiction of the courts of the United States of America, we must ask that you immediately discontinue further use of this web site.

Notice of general release: Users of this web site hereby release Spencer Clarke LLC, and Spencer Clarke’s heirs, executors, administrators, successors and assigns from all actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions, claims, and demands whatsoever, in law, admiralty or equity, which against Spencer Clarke LLC, the user of the web site, and the user’s successors and assigns ever had, now have or hereafter can, shall or may have, for, upon, or by reason of any matter, cause or thing whatsoever.

The information provided in the pages of this web site is not intended to constitute an offer or solicitation of securities, financial services, or any product to buy or sell from Spencer Clarke LLC. All information contained herein is provided for informational purposes only. Although this site includes information regarding specific securities and some aspects of the investment process generally, you should not consider anything you find on the site to be an individualized recommendation to buy, sell, hold or otherwise pursue or invest in any specific security, investment or investment style. 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. The past performance of any investment, investment strategy or investment style is not indicative of future performance.

The information provided in the pages of this web site is subject to change and update from time to time. Spencer Clarke LLC, or any other person involved with the provision and maintenance of this web site, cannot take any responsibility for the accuracy of the information provided. The use of such information is at the User’s sole risk. Spencer Clarke LLC does not accept any liability for any loss or damage arising out of negligence or otherwise howsoever as a result of use of or reliance on this information, whether authorized or not.

The use of this web site is at the user’s sole risk. Spencer Clarke LLC makes no representation or warranty of any kind with respect to the products and services described. Information and analysis obtained from this web site is subject to errors, omissions, incompleteness, consolidation, and possible future changes. We may not update you as to changes in our views or the content of our research. The user should consult their professional adviser prior to acting on any information or references contained herein.

In accessing these pages the user accepts that electronic mail, and other transmissions passing over the Internet may not be free from interference by outside third parties and may not remain confidential. Spencer Clarke LLC cannot guarantee the privacy or confidentiality of any information relating to the user passing over the Internet.

The information contained within this site, and the contents of these pages, are the property of Spencer Clarke LLC, and may not be copied, transmitted, converted, transcribed, edited or reproduced without the prior consent of Spencer Clarke LLC.

Graphic art, pictures, descriptions, animations and/or illustrations contained within this site are for marketing purposes, and may not depict actual employees or facilities of Spencer Clarke LLC.

This site may provide links to third party sites that provide products, services, information and/or financial advice. If you access any third party web site through this site, or otherwise, you do so at your own risk. Spencer Clarke LLC is not responsible for any products, services, information, content or advise appearing on or available through any third party site. Hyperlinks, references, and mention of any company, product, service, organization, or concept does not constitute an endorsement, sponsorship, or affiliation with Spencer Clarke LLC.

Any liability to Spencer Clarke LLC resulting from or relating to your use of this site is your responsibility. You agree to indemnify, defend, and hold harmless Spencer Clarke LLC and its affiliates, agents, and employees from and against any and all suits, losses, claims, demands, liabilities, damages, costs, expenses (including reasonable attorney’s fees) that arise from or relate to your use of this site, your violation of 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 Terms and Conditions of Use, or your breach of these Terms and Conditions of Use or any representation, warranty, or covenant made by you in this Terms and Conditions of Use.

All information on this site is provided “as is” without warranty of any kind. Spencer Clarke LLC makes no representations, guarantees or warranties, either expressed or implied, as to the accuracy, completeness or timeliness of the information contained on this site and expressly disclaims any warranties of merchantability or fitness for a particular purpose and disclaims any obligation to update or correct any information contained in this site that may become inaccurate or dated.

This site is intended for use by residents of the United States only. Investors outside of the United States are governed by different regulations and laws that have not been included in this site. If you are a UK resident or citizen, you are solely responsible for the use of this site, and are not covered by the rules and regulations made for the protection of investors in the UK, and this means that you will not have the benefit of rights designed to protect investors under the Financial Services Act of 1986 and under the rules of the Financial Services Authority or SFA.

If Spencer Clarke LLC provides you with a password, you are solely responsible for maintaining the confidentiality and security of your password, and the content and/or areas that the password allows access to. You may not disclose your password to any third party. You accept full responsibility for any use of your password. You must notify us of any actual or suspected loss, theft or unauthorized use of your password. We are not obligated to inquire as to the authority or proprietary 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.

Spencer Clarke LLC is not responsible for any technical problems associated with this site. All or any portion of this site may not be available and/or may not function properly at any time. This site may have and may cause problems such as viruses and other damaging computer programming routines or engines. We disclaim liability for any data in transport, to or from this site, and disclaim liability for any interception of data or communications. We are not responsible and are not liable for any damage or injury caused by the performance or failure of performance of all or any portion of this site. We are not responsible for any defects, delays or errors in or resulting from your use of this site.