Kailash Capital Research, LLC (“KCR”), an SEC-registered investment adviser, has entered into a research distribution agreement with Kailash Concepts, LLC (“Concepts”) to permit Concepts to obtain and distribute investment research prepared by KCR (the “KCR Research”) and to use “Kailash” in Concepts’ legal name. Concepts (a) is not affiliated with KCR or KCR’s SEC-registered asset management affiliate L2 Asset Management, LLC (“L2”) (and, together with KCR, the “Advisers”), (b) is not involved in the preparation of the KCR Research by KCR or the provision of asset management services by L2, and (c) is not registered as an investment adviser.
The information, data, analyses, and opinions presented in the KCR Research (a) do not constitute investment advice, (b) are not tailored or personalized to any recipient’s investment objectives, financial situation, investment needs or other individual circumstances, (c) are provided solely for informational purposes and therefore are not, individually or collectively, an offer to buy or sell a security, (d) are not warranted to be correct, complete, or accurate, and (e) are subject to change without notice. Concepts and KCR hereby disclaim any responsibility for any trading decisions, damages, or other losses resulting from, or related to, the KCR Research or the information, data, analyses, or opinions contained therein. The information herein may not be reproduced or retransmitted in any manner without the prior written consent of Concepts and KCR. In preparing the information, data, analyses, and opinions presented herein, KCR has obtained data, statistics, and information from sources it believes to be reliable. KCR, however, does not perform an audit or seek independent verification of any of the data, statistics, and information it receives. The KCR Research has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, accounting or investment advice. You should consult your tax, legal, and accounting advisors and an investment professional before engaging in any transaction.
Nothing herein shall limit or restrict the Advisers from buying, selling, or trading securities or other investments for their own accounts or for the accounts of their clients. The Advisers may at any time have, acquire, increase, decrease, or dispose of the securities or other investments referenced in the KCR Research.
1. Limitation of Liability
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, YOU AGREE AND UNDERSTAND THAT CONCEPTS AND KCR WILL NOT BE LIABLE FOR: ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, TREBLE OR OTHER MULTIPLES OF DAMAGES, AND/OR EXEMPLARY OR PUNITIVE DAMAGES ARISING FROM OR IN CONNECTION WITH YOUR USE OF THE KCR RESEARCH. NEITHER CONCEPTS NOR KCR IS RESPONSIBLE FOR ANY LOST PROFITS, LOST REVENUES, LOST BUSINESS OPPORTUNITIES, DIMINUTION IN VALUE, INCLUDING ANY ALLEGED LOSS OR DIMINUTION IN VALUE OF PERSONAL INFORMATION, OR ANY OTHER LOSSES (COLLECTIVELY, “LOSSES”) ARISING FROM OR IN CONNECTION WITH YOUR USE OF OR ACCESS TO THE KCR RESEARCH. NEITHER CONCEPTS NOR KCR WILL BE LIABLE FOR PROBLEMS CAUSED BY OTHERS, THE WRONGFUL OR UNLAWFUL ACTIONS OF THIRD PARTIES, OR AN ACT OF GOD. THE LIMITATIONS AND EXCLUSIONS IN THESE TERMS WILL APPLY WHETHER OR NOT WE HAVE BEEN ADVISED OF OR SHOULD HAVE BEEN AWARE OF THE POSSIBILITY OF ANY LOSSES ARISING.
TO THE FULLEST EXTENT PERMITTED BY LAW, NEITHER CONCEPTS NOR KCR IS LIABLE IN CONNECTION WITH ANY DISPUTES THAT ARISE OUT OF OR RELATE TO YOUR USE OF THE KCR RESEARCH FOR ANY AMOUNT GREATER THAN THE AMOUNT YOU PAID TO US FOR THE SERVICES.
If you are using the KCR Research on behalf of a business or other entity, or if you are using the KCR Research for commercial purposes, you and such entity will hold harmless and indemnify Concepts and KCR from any suit, claim or action arising from or related to the use of the KCR Research, including any liability or expense arising from claims (including claims for negligence), losses, damages, suits, judgments, litigation costs, and attorneys’ fees.