Disclaimer

By engaging in electronic messaging with Grasshopper Asset Management, you agree to these binding terms and conditions, which are subject to amendment at any time without notice. Unless expressly authorized by the Firm, the duplication, redistribution, or forwarding of this message and its attachments is strictly prohibited. If you are not the intended recipient, any access, disclosure, or use of this information is unauthorized; please notify the sender and delete this communication immediately without reading, printing, or retaining any portion thereof. No confidentiality or privilege is waived or lost by any mis-transmission.

The contents of any electronic communication are for informational purposes only and should not be regarded as an offer or solicitation to buy or sell a product or service, an official valuation, or an official statement of the Firm. This information is directed exclusively at persons who are Institutional or Accredited Investors and is not intended for retail customer use. The information provided is not intended to replace a recipient's own internal business processes for evaluating proposed transactions. The Firm cannot provide absolute assurances that transmissions are secure, error-free, not corrupted, or virus-free.

Any electronic communication conducted through the Firm’s systems is subject to being archived, monitored, and produced to regulators and in litigation to comply with relevant laws, regulations, and internal policies. By communicating with the Firm, you expressly consent to the recording and retention of these communications. Communications may be stored or processed in countries other than the jurisdiction in which you are located.

Information in an electronic communication represents a view as of the date of the message and is subject to change or withdrawal without notice. Unless otherwise indicated, the views expressed are those of the author alone and may differ from others within the Firm. The Firm will not provide any advice relating to a product unless it has agreed in writing to act in such a capacity. Before making an investment decision, investors should ensure they have sufficient information to ascertain the legal, financial, tax, and regulatory consequences of an investment. Past performance is not necessarily a guide to future performance, and foreign currency rates of exchange may adversely affect the value of any security or related investment.