DISCLAIMER

By consulting the http://www.bhgroup.eu ("Site"), you accept the following terms and conditions. As the content of the Site might change, we invite you to consult this page regularly. As used herein, the term "you" and "your" shall mean the user of this Site, and the term "BHG", "we" and "our" shall mean Batsela H.G llp, Perseverance works 9, Suite 92, Kingsland Road, London E2 8DD, United Kingdom. Note that any information contained in this Web site (the "Site") is subject of copyright. Any program, publication, design, product, process, software, technology, information, know-how, or idea described in, or related to, the Site may be the subject of other rights, including other intellectual property rights, which are owned by BHG or one of its associated companies.

The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, professional standards, rules and regulations, and the inherent hazards of electronic communication, we do not guarantee or warrant the Site will be uninterrupted, without delay, error-free, omission-free, or free of viruses.

Accordingly, the information on this Site is provided with the understanding that the authors, publishers and BHG are not herein engaged in rendering consulting or other professional advice and services. As such, it should not be used as a substitute for consultation with professional and competent advisers. Before making any decision or taking any action, you should therefore consult a BHG professional.

Exception made of BATSELA ASSET MANAGEMENT (which is a regulated financial entity in France), BHG and its associated companies are not licensed brokers or attorneys. The information contained in this Site is for general guidance on matters of interest only. Neither the information nor any opinion contained herein constitutes a solicitation or offer by any of the BHG-related companies to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. Any financial transaction/business operation contemplated hereunder is strictly one of private introduction and, in no way relies upon (nor is related to) applicable Securities laws and regulations, and does not involve the sale of registered securities.

BHG and its associated companies do not render investment or legal advice and make no warranties or representations as to information provided. Any compliance and/or financial due diligence to be undertaken is your responsibility. The communications between BHG and its associated companies (including any attachments) and you might contain confidential and/or legally privileged information. Any unauthorized use, disclosure or transmission of any information contained herein or received by the recipient is strictly prohibited.

While we have made every attempt to ensure that the information contained in this Site has been obtained from reliable sources, we are not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this Site is provided "as is", with no guarantee of representation, of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will BHG or its associated companies, including their respective corporations, partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in this Site nor for any damages, even if advised of the possibility of such damages.

Certain links in this Site connect to other Web Sites maintained by third parties over whom we have no control. BHG makes no representations as to the accuracy or any other aspect of information contained in other Web Sites.

The laws of The United Kingdom shall exclusively govern all disputes and all other proceedings outcoming of the connection and the content of this Site. The Courts of London shall have exclusive jurisdiction over all disputes and all other proceedings related to the content and the connection to this Site.