Terms and Conditions

All persons using the Zion Research Group, LLC (the “Company”) website expressly agree to the following Terms and Conditions as a pre-condition to using this website for any purpose whatsoever.

This website includes materials, including, without limitation, the research reports, informational materials and all other issuer-specific information that the Company has prepared for distribution to only qualified institutional or professional clients (collectively, “Research”). The Company uses certain models, standards, conventions, details, know-how, designs and formulae (“Underlying Materials”) in preparing Research. The Company owns all right, title and interest in the Research and the Underlying Materials (except as otherwise provided in any agreement between the Company and any particular client) and nothing herein modifies, assigns or transfers, or is deemed to modify, assign or transfer, the Company’s ownership rights and any copyrights in such Research or Underlying Materials.

Neither the Research nor the Underlying Materials constitute “investment advice” – nor any other term of similar import – as such terms are used in the Investment Advisers Act of 1940 or any other relevant federal or state statute or regulation. To the extent that any person using this website uses Research or Underlying Materials in providing investment advice to any of his or her clients, that person agrees to inform such clients that any such advice is his or her own and not that of the Company.

The Company makes no warranty, expressed or implied, concerning the accuracy or completeness of the content of any Research or Underlying Materials that the Company may provide, including, without limitation, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.  In no event shall the Company be responsible or liable for the accuracy of any such material, or for any damage or lost opportunities resulting from use of such materials.  The Company shall not be responsible for updating the information that it provides, absent an express written agreement that it will do so.  The Company shall not be liable for any direct or indirect, incidental or consequential loss or damage (including loss of profits, revenue or goodwill) arising from any investment decisions based on information or research obtained from the Company. Nothing contained on this website or any distribution by Zion Research Group, LLC should be construed as any offer to sell, or any solicitation of an offer to buy, any security or investment. Any Research, Underlying Materials or other material received should not be construed as individualized investment advice.

Independence of Research

Zion Research Group, LLC is an independent research provider. The Company is not a member of FINRA or SIPC and is neither a registered broker dealer nor investment advisor. The Company has no other regulated or unregulated business activities which conflict with its provision of independent research.

Copyrights, Trademarks, Intellectual Property.

Zion Research Group, LLC, and the logos and marks included on the Company’s website that identifies Zion Research Group, LLC services and products are proprietary materials. The use of such terms and logos and marks without the express written consent of the Company is strictly prohibited. The copyright in the pages and in the screens of the website, and in the information and material therein, is proprietary material owned by Zion Research Group, LLC unless otherwise indicated. The unauthorized use of any material on the company website may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws.


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