USAGE AND COPYRIGHT

PLEASE READ IMPORTANT DISCLOSURES BELOW

Website Agreement

Merced Capital prepared the information contained herein. By viewing this website, you agree to the following terms and conditions (herein referred to as the "Agreement"):

The material on this website is for your information only; it is neither investment advice nor a recommendation of a transaction or investment. Merced Capital is not soliciting any action based upon it. Specifically, this material is not, and is not to be construed as, an offer to buy or sell or a solicitation of a transaction involving any security or other financial instrument referred to herein. Furthermore, the information on this website is not intended for distribution to, or use or access by, any person in any state or jurisdiction where such distribution, use or access would be contrary to applicable law or regulation or which would subject Merced Capital to any additional registration or licensing requirements. Nothing contained herein constitutes a solicitation to engage in any transaction with or through Merced Capital.

The information contained on this site is based upon information that Merced Capital considers to be reliable, but Merced Capital does not guarantee that it is accurate, complete or current and it should not be relied upon as such. The information available on this website is subject to change without prior notice, and Merced Capital expressly reserves the right to stop maintaining or updating this website or any part hereof without prior notice.

This website has security measures in place to protect the misuse, dissemination, loss or alteration of information under the control of Merced Capital. Site access is closely monitored and any misuse or unauthorized access is reported by Merced Capital to the appropriate regulatory authorities.

Copyright

The materials provided herein are copyrighted by, and belong exclusively to, Merced Capital. They may not be copied, reproduced, republished, posted, transmitted or redistributed in any way, without the prior written permission of Merced Capital. No information herein may be modified or used for any other purpose without the prior written consent of Merced Capital.