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Terms & ConditionsAGREEMENT BETWEEN USER AND CLAUSEN CAPITAL MANAGEMENT, INC: The clausencapital.com and clausencap.com web site is comprised of various web pages operated by Clausen Capital Management Inc. The material provided in this site is for information purposes only and should not be used or construed as an indicator of future performance, an offer to sell, or a solicitation of an offer to buy nor recommend any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Clausen Capital Management and its representatives are in compliance with the current registration requirements imposed upon registered investment advisors by those states in which it maintains clients. Clausen Capital Management may only transact business in those states in which it is registered or qualified for an exemption of an exclusion from registration requirements. Illustrations used in this web site are hypothetical. Data provided is in some cases is derived from back testing of market risk models. The results achieved from some clients will vary and will depend upon a number of factors including the particular underlying investments and their dividend yield, upon market liquidity, interest rate levels, implied volatilities, and the clients expressed return and risk parameters at the time the service is initiated and during the term. Past performance is not a guarantee of future returns. This web site is not intended for the giving of investment advice to any single investor or group of investors and no investor should rely upon or make any investment decisions based solely on the content of this website. For information concerning the licensure status or disciplinary history of Clausen Capital Management, Inc., a consumer should contact his or her state securities law administrator. COLLECTION AND USE OF INFORMATION: Clausen Capital Management is committed to protecting the privacy of its clients and visitors to this website. No personal information will be collected from you as a result of your accessing or using this website, unless you elect to provide information to us directly through our "contact us" page. MODIFICATION OF THESE TERMS OF USE: Clausencap.com and Clausencapital.Com Web Site is offered to you conditioned on your acceptance without modification of the terms, conditions, and notices contained herein. Your use of the clausencap.com and clausencapital.com Web Site constitutes your agreement to all such terms, conditions, and notices. We reserve the right to change the terms, conditions, and notices under which the clausencap.com and clausencapital.com Web Site is offered, including but not limited to the charges associated with the use of the clausencapital.com Web Site. LINKS TO THIRD PARTY SITES: The Clausencap.com and Clausencapital.Com Web Site may contain links to other Web Sites ("Linked Sites"). The Linked Sites are not under the control of Clausencap.com and Clausencapital.Com is not responsible for the contents of any Linked Site, including without limitation any link contained in a Linked Site, or any changes or updates to a Linked Site. Clausen Capital Management Inc. is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by clausencapital.com of the site or any association with its operators. We provide these links because we believe they contain information that may help you achieve your financial goals. However, we do not control and are not responsible for the accuracy of the content on those sites. We also cannot guarantee that your privacy on those sites will be protected to the same extent that it is here. RISK DISCLAIMERS: You should be aware of the risks associated with equity investment. Please remember that past performance is not necessarily a guide to the future. Market and currency movements may cause the value of investments and the income from them to fall as well as rise, and you may get back less than you invested when you decide to sell your investments. Be aware that smaller markets can be more volatile than developed stock markets and can carry more risk. Independent financial advice should be taken before entering into any financial transaction. A copy of Clausen Capital Management, Inc. current written disclosure statement (Form ADV-Part II) discussing Clausen Capital’s business operations, services and fees is available from Clausen Capital upon request. COPYRIGHT AND TRADEMARK NOTICES:
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