DISCLOSURES

GBK Collective Technology Research is an Internet-based publication (the “Website”) owned and published by GBK Collective, LLC (the “Publisher”). The Publisher is not registered as an investment adviser with any federal or state regulatory agency. Rather, Publisher relies upon the “publisher’s exclusion” from the definition of “investment adviser” as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. The Website is a bona fide publication of general and regular circulation offering impersonalized investment-related advice to subscribers and/or prospective subscribers (e.g., not tailored to the specific investment portfolio or needs of current and/or prospective subscribers).

The Website is limited to the dissemination of impersonal and objective investment-related information, together with access to additional impersonal investment-related information and links (collectively, the “Research”). The publication of the Website on the Internet and the publication of Research and any other content should not be construed by any subscriber and/or prospective subscriber or any other person who access such content (collectively, “Subscribers”) as Publisher’s (i) solicitation to effect, or attempt to effect transactions in securities over the Internet, or (ii) provision of any investment related advice or services tailored to any particular individual’s financial situation or investment objectives.

Subscribers do not receive investment advisory, investment supervisory or investment management services, nor the initial or ongoing review or monitoring of the Subscriber’s individual investment portfolio or individual particular needs. Therefore, no Subscriber should assume that his/her/its subscription serves as a substitute for individual personalized advice from an investment professional of the Subscriber’s choosing. Rather, the Website and Research is designed solely to provide Subscribers with a method to evaluate certain investment-related information and trading information.

The Subscriber maintains absolute discretion as to whether or not to follow any portion of the Website content. Publisher does not offer or provide investment implementation services, nor does it offer or provide initial or ongoing individual personalized advice (neither in person nor via the Internet). It remains the Subscriber’s exclusive responsibility to review and evaluate the content and to determine whether to accept or reject any recommendation and to correspondingly determine whether any such recommendation or model portfolio is appropriate for a Subscriber’s investment portfolio or objective (of which Publisher has and expresses no knowledge or opinion). Publisher expresses no opinion as to whether any of recommendations contained on the Website is appropriate for a Subscriber’s investment portfolio, strategy, financial situation, or investment objective(s).

The Subscriber acknowledges that any past performance referred to on the Website relative to any information, recommendation, portfolio or security may not be indicative of future results, and understands that any opinions contained on the Website reflect Publisher’s judgment exclusively as of that particular date. Therefore, no Subscriber should assume that the future performance of any specific investment, investment strategy (including any of the investments and/or investment strategies recommended on the Website) or non-investment-related content will be suitable or profitable for a Subscriber’s portfolio, equal historical or anticipated performance level(s), or prove to be correct. Certain portions of the Website (i.e. past newsletters, articles, etc.) may contain a discussion of, and/or provide access to, commentary and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s), and no Subscriber should rely thereon.