Disclaimer

Confidentiality

Absent the use of encryption, the Internet is not a secure medium and privacy cannot be ensured. Internet e-mail is vulnerable to interception and forging. Waterford Capital cannot ensure the privacy and authenticity of any information or instructions you send to us or that we send to you over the Internet. Waterford Capital will not be responsible for any damages you may incur if you communicate confidential information to us over the Internet or if we communicate such information to you at your request.

No Advice

The information provided on this web site is intended for informational purposes only and is not intended to constitute financial, accounting, legal or tax advice. Many factors unknown to us may affect the applicability of any statement or comment that we make on our web site to your particular circumstances. You should consult directly with a Waterford Capital professional or your other advisers before acting on any information on this web site.

Accuracy and Changes

Facts and information provided on this web site are believed to be accurate at the time they are posted. However, this web site could include inaccuracies, typographical errors, or out-of-date information. Changes may be made at any time to the information on this web site without prior notice. Please consult any office of Waterford Capital for complete and up-to-date information on products and services.

Disclaimer of Warranty and Limitation of Liability

WATERFORD CAPITAL DOES NOT WARRANT THE ACCURACY, COMPLETENESS, QUALITY, ADEQUACY OR CONTENT OF ANY INFORMATION OR TOOL ON THIS WEB SITE NOR DOES IT MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE SERVICE. SUCH INFORMATION OR TOOL IS PROVIDED “AS IS” WITHOUT WARRANTY OR CONDITION OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THE IMPLIED CONDITIONS AND WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE MAY NOT APPLY TO YOU. WATERFORD CAPITAL WILL NOT BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES, OR ANY OTHER DAMAGES WHATSOEVER, INCLUDING, WITHOUT LIMITATION, LOST REVENUES, LOST PROFITS OR LOSS OF PROSPECTIVE ECONOMIC ADVANTAGE, RESULTING FROM THE USE OR MISUSE OF THIS WEB SITE, OR THE INFORMATION, DOCUMENTS, SOFTWARE OR CONTENT THEREOF, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR SUCH DAMAGES ARE REASONABLY FORESEEABLE.

No Solicitation

Nothing on this web site constitutes a solicitation or offer by Waterford Capital to buy or sell products or services of any kind whatsoever including without limitation securities or any other financial instrument of any issuer.

Disclosure of Interests

Waterford Capital may make a market or deal as principal in the securities, commodities or instruments mentioned in materials at this site or in options or other derivative instruments based thereon. In addition, Waterford Capital, or the shareholders, directors, officers and/or employees of Waterford Capital, may from time to time have long or short positions in such securities or in options, futures or other derivative instruments based thereon. One or more directors, officers and/or employees of Waterford Capital may be a director of the issuer of the securities mentioned at this site. Waterford Capital may have managed or co-managed a public offering of, or acted as initial purchaser or placement agent for a private placement of, any of the securities of any issuer mentioned at this site, or may from time to time perform investment banking or other services for, or solicit investment banking or other business from, mentioned companies.

Applicable Agreements

All products and services of Waterford Capital are offered for sale subject to the terms of the applicable agreements. Please consult any office of Waterford Capital for complete and up-to-date information on products and services.

Applicable Jurisdiction

Any products or services mentioned on this web site are made available only in accordance with local law (including applicable securities laws) and only where they may be lawfully offered for sale.

Risks

Investments in structured finance transactions and asset securitizations are complex financial instruments, which involve substantial risks and uncertainties and should only be considered by sophisticated investors with substantial investment experience, who, either alone or with their financial, tax and legal advisors, have the expertise to evaluate and assess (i) the payment, reinvestment, credit, liquidity and market risks, tax consequences and other attributes of a structured finance transaction or asset securitization and the interaction of these attributes, (ii) the asset securitization bond market, including, among other things, its affect on the liquidity and market value of an asset-backed security, (iii) the complex structure of a structured finance transaction or an asset securitization, and (iv) if applicable, the consequences of and impact from any such structured finance transaction or asset securitization not being rated by any rating agency.

Investments in structured finance transactions and asset securitizations may be adversely affected by changing market conditions. Recent events have resulted in fixed income instruments experiencing unusual liquidity issues, increased price volatility, and, in some cases, credit downgrades, declines in market values and increased likelihood of default. As a result of currently weak economic conditions, tightness in the credit markets, and a lack of liquidity for certain debt securities, including certain types of asset-backed securities, the value of many types of debt securities, including asset-backed securities, have experienced declines in market value and lack of secondary market of liquidity. Because the situation in the markets is widespread and largely unprecedented, it may be unusually difficult to identify both risks and opportunities using past models of the interplay of market forces or to predict the duration of these market events. Any investments in structured finance transactions and asset securitizations may be adversely affected by these events, including the liquidity and market value of any such investment.

US Residents

The information available on this Web site is not intended to be construed as an offer to sell or a solicitation to buy or sell any products or services of any kind whatsoever including without limitation securities or any other financial instrument in the United States of America or the territories or possessions thereof.

UK Residents

This website and any pages thereof are not directed at investors located in the UK , other than persons falling within the definition contained in Part VI Financial Services and Markets Act 2000 (Financial Promotion) Order.