DISCLAIMER

COASTAL INVESTMENT MANAGEMENT, L.P. 
TERMS AND CONDITIONS OF USE

By accessing or using this Coastal Investment Management, 
L.P. web site (the "Site"), you hereby accept and agree to comply with the terms and conditions set forth in this User Agreement. This User Agreement is a binding agreement between you and Coastal Investment Management, L.P., and governs your access and use of the Site, which includes any information, data, tools, products, services and other content (together, "Content") available on or through the Site. You may contact Coastal Investment Management, L.P. at info@coastal-im.com with questions about the terms and conditions of this User Agreement.

PLEASE READ THIS USER AGREEMENT CAREFULLY BEFORE USING THE SITE. EACH TIME YOU USE THE SITE, YOUR USE INDICATES YOUR FULL ACCEPTANCE OF, AND AGREEMENT TO ABIDE BY, THIS USER AGREEMENT IN ITS THEN CURRENT FORM. IF YOU DO NOT ACCEPT THE TERMS AND CONDITIONS STATED IN THIS USER AGREEMENT, DO NOT USE THE SITE.

1. Coastal Investment Management, L.P. grants you a limited right to use the Site.
• Your right to use the Site is subject to your agreement to abide by this User Agreement in its entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Site.
• At any time and for any reason Coastal Investment Management, 
L.P. may revoke your right to use all or any portion of the Site.
• You may not violate or attempt to violate the security of the Site.

2. The Site and its Content are owned by Coastal Investment Management, 
L.P., its affiliates and/or third parties.
• The Site is protected by one or more copyrights, patents, database rights, trademarks, servicemarks and/or other intellectual property and proprietary rights that are owned by Coastal Investment Management, 
L.P., its affiliates and/or third parties.
• Coastal Investment Management, 
L.P., coastalinvestmentmanagement.com and other names and indicia of source of Coastal Investment Management, L.P. and its products and/or services are exclusive trademarks and servicemarks or registered trademarks of Coastal Investment Management, L.P.. Other product and company names appearing on the Site may be trademarks of their respective owners.
• You may not decompose, decompile, reverse engineer, disassemble or otherwise deconstruct all or any portion of the Site.
• You may not publish, broadcast, retransmit, reproduce, repackage, frame, commercially exploit, create any derivative of or otherwise redistribute all or any portion of the Site except as explicitly permitted in this User Agreement.
• You may print copies of any accessible portion of the Site only for your own personal use. You may discuss information that you learn from the Site with your financial, legal or tax advisors, and others with whom you share investment decisions.
• You may not remove any copyright, trademark or other proprietary notice or legend contained on (or printed from) the Site.

3. You make certain representations and warranties regarding your use of the Site. You represent and warrant that:
• you have full authority and all rights necessary to enter into and fully perform all of your obligations pursuant to this User Agreement;
• you have not and you will not enter into any agreement or perform any act which might contravene the purposes and/or effects of this User Agreement; and
• you will not delete any Content on the Site.

4. All Content is for informational purposes only.
• Nothing on the Site is an offer or solicitation to buy or sell any security.
• Although the Site may include investment-related information, nothing on the Site is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy.
• Coastal Investment Management, 
L.P. does not give any advice or make any representations through the Site as to whether any security or investment is suitable to you or will be profitable.
• Nothing on the Site is intended to be, and you should not consider anything on the Site to be, investment, accounting, tax or legal advice.
• If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants or attorneys regarding your individual circumstances and needs.
• THE PAST PERFORMANCE OF ANY INVESTMENT, INVESTMENT STRATEGY OR INVESTMENT STYLE IS NOT INDICATIVE OF FUTURE PERFORMANCE.

5. There are various risks you assume in relying on the Content.
• Dated Content speaks only as of the date indicated.
• Coastal Investment Management, 
L.P. makes reasonable efforts to provide accurate Content on the Site, but at times it may not promptly update or correct the Site even if Coastal Investment Management is aware that it is inaccurate, outdated or otherwise inappropriate.
• Coastal Investment Management, 
L.P. may change all or any portion of the Site at any time without notice to you.
• Coastal Investment Management, 
L.P. does not endorse the opinions of, or warrant the accuracy of facts or other Content contributed by, any third party.
• You agree that Coastal Investment Management, 
L.P. and its affiliates are not liable for any action you take or decision you make in reliance on any Content.

6. Coastal Investment Management, 
L.P. and its affiliates are not liable for any technological problems and any impact that they may have.
• All or any portion of the Site may not be available and may not function properly at any time.
• Coastal Investment Management, 
L.P. makes reasonable efforts to avoid technological problems, but at any time the Site may have and may cause technological problems such as viruses and other damaging computer programming routines or engines.
• Coastal Investment Management, 
L.P. takes reasonable security precautions when using the Internet, telephone or other means to transport data or other communications, but disclaims liability for any interception of data or communications.
• Coastal Investment Management, 
L.P. makes reasonable efforts to ensure that the Site is secure but does not guarantee the security of the Site.
• Coastal Investment Management, 
L.P. and its affiliates are not liable for any damage or injury caused by the performance or failure of performance of all or any portion of the Site.
• Coastal Investment Management, 
L.P. and its affiliates are not liable for any defects, delays or errors in or resulting from your use of the Site.

7. Coastal Investment Management, 
L.P. and its affiliates are not responsible for information on any third party web site.
• If you access any third party web site through the Site or otherwise, you do so at your own risk.
• Hyperlinks to or from the Site do not constitute third party endorsement, sponsorship or affiliation of, with or by Coastal Investment Management, 
L.P. and its affiliates.

8. Coastal Investment Management, 
L.P. has the right but not the obligation to monitor and record activity on the Site and respond as it deems appropriate.
• Coastal Investment Management, 
L.P. may monitor and record activity on the Site for any reason or for no reason.
• Coastal Investment Management, 
L.P. may investigate any complaint or reported violation of its policies.
• Coastal Investment Management, 
L.P. may report any activity that it suspects may violate any law or regulation to regulators, law enforcement officials or other persons or entities that it deems appropriate.
• Coastal Investment Management, 
L.P. may issue warnings, suspend or terminate use of the Site, deny access to all or part of the Site or take any other action that it deems appropriate.

9. Coastal Investment Management, 
L.P. will abide by its privacy policy.
• Personal nonpublic information that Coastal Investment Management, 
L.P. gathers from you will be governed by Coastal Investment Management, L.P.'s Privacy Policy.

10. COASTAL INVESTMENT MANAGEMENT, 
L.P. AND ITS AFFILIATES DISCLAIM ALL WARRANTIES WITH RESPECT TO THE SITE AND THE CONTENT THAT THE LAW ALLOWS THEM TO DISCLAIM.
• THE SITE, INCLUDING ALL CONTENT, IS PROVIDED "AS IS" AND "AS AVAILABLE."
• COASTAL INVESTMENT MANAGEMENT, 
L.P. AND ITS AFFILIATES DISCLAIM ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, OF ANY KIND WITH RESPECT TO THE SITE AND THE CONTENT INCLUDING WARRANTIES OF
- MERCHANTABILITY,
- FITNESS FOR A PARTICULAR PURPOSE AND
- NON-INFRINGEMENT OF INTELLECTUAL PROPERTY AND PROPRIETARY RIGHTS.
• WITHOUT LIMITING OUR GENERAL DISCLAIMER, COASTAL INVESTMENT MANAGEMENT, 
L.P. AND ITS AFFILIATES DO NOT WARRANT THE AVAILABILITY, RELIABILITY, ACCURACY, COMPLETENESS OR TIMELINESS OF THE SITE OR THE CONTENT.

11. THE LIABILITY OF COASTAL INVESTMENT MANAGEMENT, 
L.P. AND ITS AFFILIATES WITH RESPECT TO THE SITE AND THE CONTENT IS LIMITED TO THE MAXIMUM EXTENT PERMITTED BY LAW.
• IN NO EVENT WILL COASTAL INVESTMENT MANAGEMENT, 
L.P. OR ANY OF ITS AFFILIATES, AGENTS OR EMPLOYEES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES HOWEVER CAUSED ARISING OUT OF THIS USER AGREEMENT, THE SITE, THE CONTENT, THE INABILITY TO USE THE SITE, OR TRANSACTIONS ENTERED INTO THROUGH THE SITE.
• COASTAL INVESTMENT MANAGEMENT, 
L.P.'S AND ITS AFFILIATES' LIABILITY IS LIMITED EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF THE DAMAGES THAT YOU SUFFER OR IF ANY REMEDY YOU HAVE FAILS OF ITS ESSENTIAL PURPOSE.
• UNDER ALL CIRCUMSTANCES, THE MAXIMUM LIABILITY OF COASTAL INVESTMENT MANAGEMENT, 
L.P., ITS AFFILIATES, ITS AGENTS AND EMPLOYEES TO ANY USER OF THE SITE WITH RESPECT TO THE SITE AND THE CONTENT IS $100.
• THIS DISCLAIMER OF LIABILITY APPLIES TO ANY AND ALL DAMAGES OR INJURY, INCLUDING THOSE CAUSED BY ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT, DESTRUCTION OR UNAUTHORIZED ACCESS TO, ALTERATION OF OR USE OF ANY ASSET, WHETHER FOR BREACH OF CONTRACT, TORTIOUS BEHAVIOR, NEGLIGENCE OR UNDER ANY OTHER CAUSE OF ACTION.

12. You will be responsible for any liability to Coastal Investment Management, 
L.P. or its affiliates that arises out of your breach of this User Agreement or your use of the Site.
• You agree to indemnify, defend and hold harmless Coastal Investment Management, 
L.P. and its affiliates, agents and employees from and against any and all suits, losses, claims, demands, liabilities, damages, costs and expenses (including reasonable attorneys' fees) that arise from or relate to:
- your use of the Site,
- your breach of this User Agreement or any representation, warranty or covenant made by you in this User Agreement,
- your violation of any applicable law, statute, ordinance, regulation or of any third party's rights, or
- claims asserted by third parties which, if proven, would place you in breach of representations, warranties, covenants or other provisions contained in this User Agreement.

13. YOU AGREE TO RESOLVE BY ARBITRATION ANY CONTROVERSY ARISING BETWEEN YOU AND COASTAL INVESTMENT MANAGEMENT, LLC AND/OR ANY OF OUR RESPECTIVE CONTROL PERSONS, PREDECESSORS, SUBSIDIARIES, AFFILIATES, SUCCESSORS, ASSIGNS AND EMPLOYEES.
• With respect to the resolution of any such controversy, you further acknowledge that:
- Arbitration is final and binding on the parties.
- Pre-arbitration discovery is generally more limited than and different from court proceedings.
- The arbitrators' award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of rulings by the arbitrators is strictly limited.
- The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry.
• Any arbitration under this User Agreement shall be conducted before NASD Regulation, Inc, the New York Stock Exchange, Inc. or any other national securities exchange on which a transaction giving rise to the claim took place (and only before such exchange). Arbitration is initiated by a party serving the other party with a written demand for arbitration or a written notice of intention to arbitrate, which demand or notice shall include an election of one of the foregoing forums for arbitration. If you fail to make such election by registered mail addressed to Coastal Investment Management, 
L.P. at 130 E. 59th Street, 11th Floor, New York, NY 10022 (or any other address of which you are advised in writing), before the expiration of five days after you deliver to Coastal Investment Management, L.P. a written demand for arbitration or a written notice of intention to arbitrate, Coastal Investment Management, L.P. may make such election on your behalf.
• No person shall bring a putative or certified class action to arbitration nor seek to enforce any pre-dispute arbitration agreement against any person who has initiated in court a putative class action or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until:
- the class certification is denied; or
- the class is de-certified; or
- the customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this User Agreement except to the extent stated herein.

14. You will be bound by revised versions of this User Agreement that Coastal Investment Management, 
L.P. posts on the Site.
• Modifications will be effective immediately upon posting unless Coastal Investment Management, 
L.P. indicates otherwise.
• Your use of the Site indicates your full acceptance of this User Agreement in its then-current form each time you use the Site.

15. You are bound by certain other general conditions.
• Coastal Investment Management, 
L.P. may assign this User Agreement in whole or in part at any time without your consent. You may not assign this User Agreement or delegate any of your obligations under this User Agreement. Any purported assignment of this User Agreement in violation of its terms is void.
• If any provision of this User Agreement is found invalid or unenforceable, that provision shall be enforced to the maximum extent possible and the remaining provisions of the User Agreement shall remain in full force and effect.
• This User Agreement constitutes the entire understanding, and supersedes all other understandings, between you and Coastal Investment Management, 
L.P. concerning the subject matter hereof.

Privacy Policy

This Privacy Policy sets forth the policies of Coastal Investment Management, 
L.P. with respect to nonpublic personal information in connection with activities conducted on this website. Personal information refers to information such as your name, address, email address, social security number, assets, investments, income information, and passwords. This Privacy Policy applies only to personal information Coastal Investment Management, L.P. collects and only to individuals. Coastal Investment Management, L.P. may change this policy at any time by giving you notice.

Collection. You can have general access to this website and browse pages without providing any personal information. However, Coastal Investment Management, 
L.P. may record when you log-on to the website. Coastal Investment Management, L.P. does not collect personal information from this website unless you provide us with such information by contacting Coastal Investment Management, L.P. via email through this website. If you do this, Coastal Investment Management, L.P.will use the information only to respond to your request.

Disclosure/Use. Coastal Investment Management, 
L.P. does not disclose any personal information relating to your activities on its website, other than to our affiliates, except as permitted by law. Companies that are not related to Coastal Investment Management, L.P. that perform services on our behalf, such as a third party that hosts our website, may have access to your information relating to your conduct on our website. When this occurs, Coastal Investment Management, L.P. requires the companies to treat your private information with confidentiality.

Cookies. Coastal Investment Management, 
L.P.'s website uses "cookies" which may automatically collect certain non-personal information and data. "Cookies" are small pieces of data sent to your computer browser from our web server and stored on your computer's hard drive. The data identifies you as a unique user and facilitates your ongoing access to and use of the site. Cookies also help Coastal Investment Management, L.P. diagnose problems with our server.

Confidentiality and Security. Coastal Investment Management, 
L.P. restricts access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. Coastal Investment Management, L.P. maintains physical, electronic and procedural safeguards that comply with federal regulations to guard you nonpublic personal information.

Contact Us. If you have any questions or comments about our Privacy Policy, please feel free to contact us at info@coastal-im.com.