Disclaimer

Important Legal Information

Persons who access the material made available by Alegra Capital Ltd. ("ALEGRA CAPITAL") at its website on the worldwide web ("Alegra Website") agree to the following:

Use of the ALEGRA CAPITAL Website
The entire content of this ALEGRA CAPITAL Website is subject to copyright with all rights reserved. You may download or print out a hard copy of individual pages and/or sections of the ALEGRA CAPITAL Website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the ALEGRA CAPITAL Website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the ALEGRA CAPITAL Website without the prior written permission of ALEGRA CAPITAL.

No Offer
Nothing on the ALEGRA CAPITAL Website should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction. Note that any reference to any product is not a prospectus in accordance with Art. 652a and 1156 ff. of the Swiss Code of Obligations.

No Reliance
While ALEGRA CAPITAL uses reasonable efforts to obtain information from sources which it believes to be reliable, ALEGRA CAPITAL makes no representation that the information or opinions contained on the ALEGRA CAPITAL Website is accurate, reliable or complete. The information and opinions contained in the ALEGRA CAPITAL Website are provided by ALEGRA CAPITAL for personal use and informational purposes only and are subject to change without notice. Nothing contained on the ALEGRA CAPITAL Website constitutes investment, legal, tax or other advice nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.

No Warranty
The information and opinions contained on the ALEGRA CAPITAL Website is provided without any warranty of any kind, either express or implied.

Limitations of Liability
In no event, including (without limitation) negligence, will ALEGRA CAPITAL be liable for any loss or damage of any kind, including (without limitation) any direct, special indirect or consequential damages, even if expressly advised of the possibility of such damages, arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the ALEGRA CAPITAL Website.

Linked Websites
When you access certain links on the ALEGRA CAPITAL Website you may leave the ALEGRA CAPITAL Website. ALEGRA CAPITAL has not reviewed any of the websites linked to the ALEGRA CAPITAL Website and does not endorse or accept any responsibility for the content of such websites nor the products, services or other items offered through such websites.

Material Interests
The ALEGRA CAPITAL and/or its directors, officers and employees may have or have had interests or positions or traded or acted as market makers in relevant securities. Furthermore, such entities or persons may have or have had a relationship with or may provide or have provided corporate finance or other services to or serve or have served as directors of relevant companies.

Investment Performance
The past is not necessarily a guide to the future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested. Changes in rates of foreign exchange may cause the value of investments to go up or down.

Local Legal Restrictions
The ALEGRA CAPITAL Website is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the ALEGRA CAPITAL Website is prohibited. Persons in respect of whom such prohibitions apply must not access the ALEGRA CAPITAL Website.