DISCLAIMER

Notice to residents of the United States

The offer and sale pf this security instrument has not been registered under the U.S. Securities Act of 1933, as amended (“The Securities Act“), or under the securities laws of certain states. The security may not be offered, sold or otherwise transferred, pledged or hypothecated except as permitted under the act and applicable state securities laws pursuant to an effective registration statement or an exemption therefrom.

 

Notice to residents of Canada

Unless permitted under securities legislation, the holder of this security must not trade the security before the date that the issuer becomes a reporting issuer in any province or territory.

 

Notice to residents of China

The rights are not being offered or sold and may not be offered or sold, directly or indirectly, within the people’s republic of china (for such purposes, not including the Hong Kong and Macau special administrative regions or Taiwan), except as permitted by the securities and other laws and regulations of the people’s republic of China.

 

Notice to residents of United Kingdom

In the United Kingdom this document is being distributed only to, and is directed only at (and any investment activity to which it relates will be engaged only with): (i) investment professionals (within the meaning of article 19(5) of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “FPO’”)); (ii) persons or entities of a kind described in article 49 of the FPO; (iii) certified sophisticated investors (within the meaning of article 50(1) of the FPO); and (iv) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “Relevant Persons”).

 

Notice to all readers

This document has not been approved by an authoriZed person. Any investment to which this document relates is available only to (and any investment activity to which it relates will be engaged only with) Relevant Persons. This document is directed only at Relevant Persons and persons who are not Relevant Persons should not take any action based upon this document and should not rely on it. It is a condition of you receiving and retaining this document that you warrant to the Company, its directors, and its officers that you are a Relevant Person.