These reports have been prepared by BayMar equity group (“BayMar equity group”). BayMar equity group is referred to collectively as “BayMar equity group” and each individually as a “BayMar equity group Entity.” Each report specifies the publisher and owner of that report. All reports are for informational purposes only and presented “as is” with no warranty of any kind, expressed or implied. Under no circumstances should any of these reports or any information herein be construed as investment advice, or as an offer to sell or the solicitation of an offer to buy any securities or other financial instruments. BayMar equity group produces research reports on publicly traded securities and Cryptocurrencies. The reports are the property of the applicable BayMar equity group Entity that published that report. The opinions, information and reports set forth herein are solely attributable to the applicable BayMar equity group Entity and are not attributable to any BayMar equity group Related Person (defined below) (other than the BayMar equity group Entity that published the report).

                  

                  By downloading, accessing, or viewing any research report, you agree to the following Terms of Use. You agree that use of the research presented in any report is at your own risk. You (or any person you are acting as agent for) agree to hold harmless BayMar equity group and each of their affiliates and related parties, including, but not limited to any principals, officers, directors, employees, members, clients, investors, consultants and agents (collectively, the “BayMar equity group Related Persons”) for any direct or indirect losses (including trading losses) attributable to any information in a research report. You further agree to do your own research and due diligence before making any investment decision with respect to securities of the issuers covered herein (each, a “Covered Issuer”) or any other financial instruments that reference the Covered Issuer or any securities issued by the Covered Issuer. You represent that you have sufficient investment sophistication to critically assess the information, analysis and opinion presented in any BayMar equity group report. You further agree that you will not communicate the contents of reports and other materials made available by BayMar equity group to any other person unless that person has agreed to be bound by these Terms of Use. If you access, download or receive the contents of BayMar equity group reports or other materials on your own behalf, you agree to and shall be bound by these Terms of Use. If you access, download or receive the contents of BayMar equity group reports or other materials as an agent for any other person, you are binding your principal to these same Terms of Use.

                  

                  As of the publication date of a BayMar equity group report, BayMar equity group Related Persons (possibly along with or through its members, partners, affiliates, employees, and/or consultants), BayMar equity group Related Persons clients and/or investors and/or their clients and/or investors have a position (long or short) in one or more of the securities of a Covered Issuer (and/or options, swaps, and other derivatives related to one or more of these securities), and therefore may realize significant gains in the event that the prices of a Covered Issuer’s securities decline or appreciate. BayMar equity group and/or the BayMar equity group Related Persons may continue to transact in Covered Issuers’ securities for an indefinite period after an initial report on a Covered Issuer, and such position(s) may be long, short, or neutral at any time hereafter regardless of their initial position(s) and views as stated in the BayMar equity group research. BayMar equity group will not update any report or information to reflect changes in positions that may be held by a BayMar equity group Related Person.

 

                  The research and reports made available by BayMar equity group reflect and express the opinion of the applicable BayMar equity group Entity as of the time of the report only. Reports are based on generally available information, field research, inferences and deductions through the applicable BayMar equity group Entity’s due diligence and analytical process. To the best of the applicable BayMar equity group Entity’s ability and belief, all information contained herein is accurate and reliable, is not material non-public information, and has been obtained from public sources that the applicable BayMar equity group Entity believe to be accurate and reliable, and who are not insiders or connected persons of the Covered Issuers or who may otherwise owe a fiduciary duty, duty of confidentiality or any other duty to the Covered Issuer (directly or indirectly). However, such information is presented “as is,” without warranty of any kind, whether express or implied. With respect to their respective research reports, BayMar equity group Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. Further, any research report contains a very large measure of analysis and opinion. All expressions of opinion are subject to change without notice, and BayMar equity group does not undertake to update or supplement any reports or any of the information, analysis and opinion contained in them.

 

In no event shall BayMar equity group Research or any BayMar equity group Related Persons be liable for any claims, losses, costs or damages of any kind, including direct, indirect, punitive, exemplary, incidental, special or, consequential damages, arising out of or in any way connected with any information presented in any BayMar equity group report. This limitation of liability applies regardless of any negligence or gross negligence of BayMar equity group Research or any BayMar equity group Related Persons. You accept all risks in relying on the information presented in any report.

You agree that the information in any BayMar equity group research report is copyrighted, and you therefore agree not to distribute this information in any manner without the express prior written consent of the applicable BayMar equity group Entity. If you have obtained BayMar equity group research reports in any manner other than as provided by BayMar equity group, you may not read such research without agreeing to these Terms of Use. You further agree that any dispute between you and BayMar equity group and their affiliates arising from or related to this report or viewing the material presented herein shall be governed by the laws of the State of Florida, without regard to any conflict of law provisions. The failure of BayMar equity group Research to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of this right or provision. You agree that each BayMar equity group Related Person is a third-party beneficiary to these Terms of Use. If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision and rule that the other provisions of these Terms of Use remain in full force and effect, in particular as to this governing law and jurisdiction provision. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to BayMar equity group report or related material must be filed within one (1) year after