TERMS AND CONDITIONS

Your access to and use of the globalreturnam.com website (the “Site”), which is owned and operated by Global Return Asset Management, LLC, (“we”, “us”, or “Global Return”) shall be governed by the following terms and conditions of use stated below (the “Terms of Use”). Do not use this Site if you do not agree to be bound by these Terms of Use. By using this Site you are agreeing to accept and comply with the Terms of Use, which may be updated by Global Return from time to time without notice to you. You should visit this page periodically to review the then-current Terms of Use. PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING THIS SITE.

PURPOSE

The contents on the Site are intended for the personal, noncommercial use. The information, materials and content provided on this Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Global Return to any registration requirement within such jurisdiction or country. IF YOU ARE IN ANY DOUBT AS TO WHETHER THIS SITE CAN BE LAWFULLY USED BY YOU DO NOT USE THIS SITE.

Global Return is not using this Site to provide investment or other advice or services to you or any other party, and no information, material or content on this Site is to be relied upon for the purpose of making or communicating investment or other decisions. Neither the information, material, content nor any opinions contained on this Site constitutes investment advice or a solicitation by Global Return for the purchase or sale of any securities, futures, options or other financial instruments or to provide any investment advice or service.

Securities discussed on the Site may or may not represent some, any or all of the securities owned, purchased, or sold during a particular time period by Global Return. Specific companies or securities discussed on the Site or in any communications by Global Return are meant for educational or illustrative purposes only and are not selected based on past performance nor as a recommendation to purchase or sell any such securities. All information, material and content contained on the Site and in any communications by Global Return contain certain assumptions, estimates and projections that reflect various opinions by Global Return concerning anticipated results that are inherently subject to significant economic, competitive and other uncertainties and contingencies and have been included solely for educational and illustrative purposes. No representations, express or implied, are made as the accuracy or completeness of such statements, assumptions, estimates or projections or with respect to any other content herein.

This material is not meant as a general or specific guide to investing or as a source of any general or specific investment recommendation and makes no implied or expressed recommendations. Nothing contained herein constitutes an offer to sell or the solicitation of an offer to purchase securities.

SITE CONTENT

All information, material and content contained within this Site or delivered to you or downloaded from the Site in connection with your use of this Site (including, but not limited to, all text, documents, graphics, audio, video, logos, icons, and trade secrets, as well as the overall organization, design, look, feel and appearance of this Site) (collectively, the “Content”) is protected under applicable patent, copyright, trademark and other intellectual property laws (collectively, “Proprietary Rights”), both as individual works and as a compilation. Global Return does not waive any of its Proprietary Rights in this Site or in any Content, and the availability of any Content shall not, under any circumstance, constitute a transfer of any ownership or Propriety Rights of Global Return of any Content or any of their licensors to any user or any other third party.

You may not modify, edit, alter, copy, republish, redistribute, transmit, sell, participate in the sale and transmission of, create any derivative works from, or exploit in any manner any information, material or Content from this Site, without the express written permission of Global Return. Global Return is under no obligation to update or remove information, materials, and Content from the Site other than required by applicable law. The information, material and Content on this Site has been compiled from both internal and external sources. Global Return cannot assure you and makes no representations or warranties that the information, materials or Content appearing on this Site is accurate and up-to-date.

COPYING, PRINTING AND DOWNLOADING

If you copy, print, or download any information, material or Content from this Site for any use, you agree that you will not remove or obscure any copyright or other important notices contained in any such information, materials and Content.

MODIFICATIONS TO THE SITE

We reserve the right to make modifications and changes to the Site without notice to you. You agree that we shall not be liable to you or to any other party for any changes and modifications to the Site.

THIRD PARTY SITES

As a convenience to you, Global Return may provide, on this Site, links to websites operated by third parties. If you link to one of these sites, you will leave the Global Return Site. WE EXPRESSLY DISCLAIM ANY RESPONSIBILITY FOR THE CONTENT, POLICIES OR DESTRUCTIVE ELEMENTS, SUCH AS BUT NOT LIMITED TO, VIRUSES, OF ANY THIRD PARTY WEBSITE. GLOBAL RETURN MAKES NO WARRANTY OR REPRESENTATION REGARDING THE INFORMATION, MATERIAL AND CONTENT, AND DOES NOT ENDORSE, ANY THIRD PARTY WEBSITE AND THEIR CONTENT. Links do not imply that Global Return endorses, is affiliated with, or is legally authorized to use any trademark, trade name, logo or copyright symbol of the third party Site or any of its affiliates.

IDEMNIFICATION

By accessing or using the Site you agree to indemnify, defend and hold Global Return and its respective officers, directors, employees, members, agents, information providers, affiliates, licensors and licensees (collectively, the “Indemnified Parties”) harmless from and against any and all liability and costs, including without limitation reasonable attorney’s fees and expenses, incurred by the Indemnified Parties in connection with any claim arising out of or breach by you of these Terms of Use or the representations, warranties and covenants deemed made by you hereunder. You agree to cooperate as fully as reasonably required in the defense of any claim. We reserve the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you. You shall not enter into any settlement agreement which would or could affect the rights of any of the Indemnified Parties or requires the taking of any action by any of them, without our prior written approval.

WARRANTIES AND LIMITATION OF LIABILITY

You expressly understand and agree that YOUR USE OF THE SITE AND ANY LINKED THIRD PARTY SITE IS AT YOUR SOLE RISK. THE INFORMATION, MATERIAL AND CONTENT PROVIDED THROUGH THE SITE ARE PROVIDED ON AN “AS IS”, “AS AVAILABLE” BASIS. WE EXPRESSLY DENY ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. SOME JURISDICTIONS DO NOT ALLOW FOR THE EXCLUSION OF IMPLIED WARRANTIES, SO SOME OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU. THE INFORMATION, MATERIALS AND CONENT ON THIS SITE MAY CONTAIN INACCURACIES, BE INCOMPLETE OR NO LONGER BE VALID. WE MAKE NO WARRANTY THAT ANY INFORMATION, MATERIALS AND CONENTS PROVIDED THROUGH THE SITE WILL (i) MEET ANY OF YOUR REQUIREMENTS, (ii) BE TIMELY, SECURE, UNINTERRUPTED OR FREE FROM ERROR OR OMISSION, (iii) PROVIDE RESULTS OR INFORMATION THAT WILL BE USEFUL, ACCURATE OR RELIABLE. YOU ACKNOWLEDGE THAT ANY RELIANCE ON ANY OPINION, STATEMENT, MEMORANDUM OR OTHER INFORMATION, MATERIAL AND CONTENT DISPLAYED OR DISTRIBUTED THROUGH THE SITE SHALL BE AT YOUR SOLE RISK. ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE SITE IS DONE AT YOUR OWN RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR ANY COMPONENT CONNECTED THERETO, OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD (INTENTIONAL OR OTHERWISE) OF ANY SUCH MATERIAL. YOU EXPRESSLY UNDERSTAND AND AGREE THAT GLOBAL RETURN SHALL NOT BE LIABLE TO YOU FOR ANY DAMAGES ARISING OUT OF OR RELATED IN ANY WAY TO YOUR USE OF THE SITE OR THE INFORMATION, MATERIALS OR CONENT PROVIDED THROUGH THE SITE, WHETHER SUCH DAMAGES ARE DIRECT, INDIRECT, INCIDENTAL OR OTHERWISE, INCLUDING BUT NOT LIMITED TO LOST PROPERTY, LOST PROFITS, LOST SAVINGS, LOST OPPORTUNITY, LOST SALES, LOSS OF GOODWILL OR REPUTATION, OR ANY OTHER INTANGIBLE LOSS, AND WHETHER ARISING UNDER THEORIES OF CONTRACT, TORT OR OTHERWISE, AND REGARDLESS OF WHETHER GLOBAL RETURN HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES.

GLOBAL RETURN CANNOT BE LIABLE FOR ANY DECISION MADE OR ACTION OR INACTION TAKEN BY YOU IN RELIANCE ON ANY INFORMATION, MATERIAL, CONTENT OR DATA ON THIS SITE OR ON ANY LINKED SITE. GLOBAL RETURN FURTHER EXPLICITLY DISCLAIMS, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY WARRANTY OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. GLOBAL RETURN AND ANY THIRD PARTY WORKING WITH GLOBAL RETURN SHALL NOT BE RESPONSIBLE OR LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGES OR LOSS (INCLUDING DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL AND ANY AND ALL OTHER FORMS OF DAMAGES OR LOSSES REGARDLESS OF THE FORM OF THE ACTION OR THE BASIS OF THE CLAIM) CAUSED OR ALLEGED TO BE CAUSED IN CONNECTION WITH YOUR USE OF THIS SITE

MISCELLANEOUS

These Terms of Use constitute the entire agreement between you and Global Return and govern your use of the Site. This agreement supersedes any prior terms of use, both written and verbal, and other agreements concerning the subject matter hereof between you and Global Return. These Terms of Use and the relationship between you and Global Return shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without regard to its conflict of law provisions. You agree to submit to the personal and exclusive jurisdiction of the federal and state courts located within the County of New York and State of New York for the resolution of any disputes arising out of or relating to these Terms of Use or the Site. You agree that, except as expressly provided herein, there shall be no third party beneficiaries of these Terms of Use and the agreements contained herein. The failure by us to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of such right or provision. If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, the other terms and conditions of these Terms of Use shall remain in full force and effect. The headings in these Terms of Use are for convenience only and have no legal or contractual effect.