IMPORTANT NOTICE - TERMS AND CONDITIONS

1. The Billam AG website contains information on the business and investment strategy of Billam AG. Billam AG is a private Swiss domiciled Company.

2. The purpose and intent of the website is to provide information on the business and investment strategy of Billam AG, and to provide a technical/scientific analysis and commentary on products/concepts/services developed or being developed by certain companies in which Billam AG has invested, and others in which it has not. Such analysis is based solely on the personal views of Billam AG, and may not be a correct interpretation of the products/concepts/services mentioned or described.

3. THE WEBSITE DOES NOT OFFER OR PURPORT TO OFFER INVESTMENT ADVICE TO MY USER, NOR IS IT INTENDED TO BE AN INVITATION OR INDUCEMENT TO ANY USER TO BUY, SELL OR OTHERWISE DEAL IN SECURITIES OF ANY KIND, WHETHER OF AND IN BILLAM AG, OR ANY OTHER COMPANY OR CONCERN MENTIONED HEREIN.

4. Billam AG is not authorised in the United Kingdom of Great Britain and Northern Ireland under the Financial Services and Markets Act 2000 to carry on any kind of investment business, nor it is so authorised under the laws of any jurisdiction.

5. The consent has not been obtained from any company or concern mentioned on the website as to the use of such company's name, or other information set out, which has been obtained by Billam AG either from publicly available information or research carried out by Billam AG.

6. No guarantee can be given that the information given or provided in the website is correct or current, and in any event the website may not be updated to provide more recent information on any of the companies or concerns mentioned.

7. If as an unintended consequence of using this website any user shall consider acquiring or disposing of any securities in any of the companies mentioned WHICH IS NOT RECOMMENDED BY BILLAM AG then BEFORE DOING SO such user is STRONGLY RECOMMENDED to seek the advice of a person or firm who is authorised under the Financial Service and Markets Act 2000, or under the equivalent statutory provisions of any jurisdiction in which he is normally resident.

8. The Billam AG website is free. Billam AG do not accept any liability to any person who uses the website for any loss or damage that a user suffers as a consequence of taking any action based on any of the information that has been provided.

9. Billam AG vary their investments from time to time, and the website may not reflect any acquisitions or disposals of shares in any of the companies mentioned in the website, nor further investments or disposals in other concerns not mentioned.

10. The authors of any work comprised in the website from time to time may be persons connected with Billam AG in various capacities or even connected with one or more of the companies mentioned from time to time. Such persons or some of them may also have holdings in any of the companies that may be mentioned in the website from time to time, and accordingly may and will purchase or sell such holdings from time to time.

11. Please confirm before proceeding that you have read and understood the above and accept and agree to the use of the Billam AG website on such basis by clicking on the accept button below.

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