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Legal Disclaimer

All persons using the Sands Brothers website ("Site") expressly agree to the foregoing disclaimer as a pre-condition to using this Site for any purpose whatsoever. If you do not accept these terms and conditions, please do not use this Site. The materials on the Site including, without limitation, news articles, informational materials and all other manager-specific information, have been prepared for informational purposes only and do not constitute financial, legal, tax or any other advice. All information contained herein is provided "as is" and Sands Brothers expressly disclaims making any express or implied warranties with respect to the fitness of the information contained herein for any particular usage, its merchantability or its application or purpose. The contents of this Site do not purport to provide any financial, investment or professional advice and nothing on the pages of the Site shall be deemed to constitute the offer or provision of financial, investment or other professional advice in any way. In particular, prior to making any investment or hiring any investment manager you should consult with a professional financial advisor, legal advisor and tax advisor to assist in due diligence as may be appropriate, and determine the appropriateness of the risk associated with a particular investment. In no event shall Sands Brothers be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this data.

By accessing the password-protected area of this Site, you agree not to invest in any posted hedge fund or alternative investment vehicle (other than hedge funds or alternative investment vehicles in which you or your affiliates are already invested, have already been solicited for or are already actively considering an investment in) for 30 days after the approval of your application. Sands Brothers reserves the right to terminate, at any time, any registered user's account with Sands Brothers (as well as access to the Site), without giving notice or a reason for such termination to the user.

Additionally, by accessing the password-protected area of this Site, you agree to immediately contact Sands Brothers if there is any change in your status as an "accredited investor" under Regulation D promulgated under Securities Act of 1933. For individuals such changes may include, for example, a registered user's net worth declining below $1,000,000, an expectation that income for the next 12 months may total less than $200,000, or an expectation that the registered user's combined income with his or her spouse may total less than $300,000 in the next 12 months All registered users, including individuals and entities, should communicate with their legal advisors if they believe that their status as an accredited investor has changed. If a registered user's status as an accredited investor has changed, such registered user agrees to immediately notify Sands Brothers of such change. Nothing in this Site may be considered as an offer or solicitation to purchase or sell securities or other services. If any provision in this Disclaimer Agreement is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.

Users of the Sands Brothers website may view, download and print information and materials on this Site for their personal and internal business use provided that all hard copies contain all copyright and other applicable notices. All users may not reproduce, modify, copy, alter in any way, distribute, sell, resell, transmit, transfer, license, assign or publish any information obtained from this Site. Registered users shall not use this Site at any time for any purpose that is unlawful or prohibited and shall comply with any applicable local, state, national or international laws or regulations when using this Site. Access to and use of this Site is at the user’s own risk and we do not warrant that the use of the site or any material downloaded from it will not cause damage to any property, or otherwise minimize or eliminate the inherent risks of the Internet including but not limited to loss of data, computer virus infection, spyware, malicious software, Trojans and worms.

Sands Brothers, and the logos and marks included on the Site that identify Sands Brothers services and products are proprietary materials. The use of such terms and logos and marks without the express written consent of Sands Brothers is strictly prohibited. Copyright in the pages and in the screens of the Site, and in the information and material therein, is proprietary material owned by Sands Brothers unless otherwise indicated. The unauthorized use of any material on this Site may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws.