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The information provided on this site or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject SG Americas Securities LLC (“SGAS”) or its affiliates to any registration requirement within such jurisdiction or country.  This site has been designed for informational purposes only.  Nothing contained herein constitutes a solicitation, offer or recommendation by SGAS or its affiliates to buy or sell any securities or other financial instruments or provide any investment advice or service.  Such offers only can be made where lawful under applicable law.  Neither SGAS nor any of its affiliates intend to provide investment advice through this site and they make no representation that any described securities or services are suitable for any investor.  SGAS does not render investment, tax, accounting or legal advice, and nothing contained in this site should be construed as such.

Investments in securities discussed herein may not be suitable for all investors.  Investors must make their own investment decisions based on their specific investments objectives and financial position and using such independent advisors as they believe necessary.  Where an investment is denominated in a currency other than the investor’s currency, changes in rates of exchange may have an adverse effect on the value, price of, or income derived from the investment.  Past performance is not necessarily a guide to future performance.  Income from investments may fluctuate.  The price or value of the investments, to which this site relates, either directly or indirectly, may fall or rise against the interest of investors.  For further guidance on the impact of market risk on the value of investments, see NASD’s Investor Alert dated April 16, 2007 on Market Risk:  What You Don’t Know Can Hurt You.  Users of this site agree that the information contained herein will not be the primary basis of any investment decision.

Potential investors should be aware that certain legal and tax considerations, margin requirements, commissions and other transaction costs may significantly affect the economic consequences of the issuers or securities discussed herein and they should review such considerations, requirements and transaction costs carefully with their legal counsel and with financial and tax advisors.

SGAS, or one or more of its affiliates, may have positions in and effect transactions in securities of companies mentioned and may also perform or seek to perform investment banking or other services for those companies.
 
Notice to Non-US Persons
This site is published in the United States for residents of the United States.  The site is not intended for use by, or to provide information to, persons outside the United States and such persons should not rely on the information contained in the site.  SGAS reserves the right to require proof of residence from any user accessing and requesting information from the site.  Investors outside the United States may be subject to securities or tax laws within their jurisdictions that are not addressed on this site.

Nothing contained in this site shall be construed as a solicitation to buy any security from or an offer to sell any security, product or service to any non-US investor, nor shall any such security, product or service be offered or sold in any jurisdiction where such activity would be contrary to local laws or subject SGAS to registration within such jurisdictions.  Some securities, products or services may not be available in all jurisdictions.

Disclaimer of Warranty and Limitation of Liability
The information on this site is provided “AS IS.” SGAS does not warrant the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims to the fullest extent of the law, any and all liability relating to these materials, including, without limitation, any express or implied representations or warranties for statements or errors contained in, and omission from, these materials, all implied or express warranties, including, but not limited to, implied warranties of merchantability or fitness for a particular purpose.  SGAS will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this site.  Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, SGAS cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose.  SGAS does not undertake to advise you of changes in information or other materials contained herein.

Systems Issues
Neither SGAS, nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of SGAS or of any vendor providing software or services support.  In no event will SGAS, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if SGAS or any other party have been advised of the possibility thereof.

Copyright and Trademarks
The entire content of this site is subject to copyright and trademark protection with all rights reserved.  No information contained in this site may be reproduced, transmitted, displayed, distributed, published or otherwise used for commercial purposes without the written consent of SGAS.  Brand names, product names, trademarks and service marks appearing in this site are the property of their respective owners.

Electronic Links
This site may contain links to other Internet websites that are beyond the control of SGAS.  Such links are provided for your convenience.  SGAS does not maintain these other sites and has no control over the organizations that maintain the site or the information, products or services these organizations provide.  SGAS makes no representation about, and assumes no responsibility for, the content, accuracy, completeness, timeliness, suitability or legality of the content of any such websites, or for any products or services that might be offered therein.  SGAS does not recommend or endorse these organizations or their products or services in any way.

Electronic Communications
This site may permit you to communicate electronically with SGAS for certain purposes.  Please do not use this facility to attempt notice of any time-sensitive or legally significant event, request or instruction.  SGAS assumes no responsibility or liability for any actions taken or any omissions to take action as a result of any such electronic communications.

Choice of Law
Users of this site shall be bound by all applicable laws of the United States and the State of New York.  The appropriate New York federal or state court shall have exclusive jurisdiction over any action or dispute arising from this agreement or relating to this site.

Société Générale Group disclaimer
Nothing contained on this site shall in any way constitute an offer by Société Générale (“SG”) or its subsidiaries or affiliates to provide any service or product, including, without limitation, banking, securities, commodities or insurance products, or an offer or solicitation of an offer to buy or sell any securities or other investment product.  While reasonable care has been taken in compiling the information contained on this site, such information is not intended to and should not be used or relied upon for any transaction with SG or any other person, and SG is not responsible for errors or omissions or data that becomes dated.

Products described on this site are not available to all persons in all geographic locations.  SG will not provide any products described herein to any person if the provision of such products would be in violation of the law of such person’s home country jurisdiction or any other related jurisdiction.  The reader of this message is responsible for satisfying him or herself that he or she may lawfully access this site under the laws or jurisdiction from which access is obtained to this site.