Disclaimer

Insight Investment Counsel ("IIC”) is a California State Registered Investment Adviser located in El Segundo, California. IIC is in compliance with the current filing requirements imposed upon California State Registered Investment Advisers by those states in which IIC maintains clients. IIC may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements, IIC’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of IIC web site on the Internet should not be construed by any consumer and/or prospective client as IIC’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by IIC with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of IIC, please contact the California state securities regulator. A copy of IIC’s current written disclosure statement discussing IIC’s business operations, services, and fees is available from IIC upon written request. IIC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to IIC’s web site or incorporated herein, and it takes no responsibility thereof. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by IIC), will be profitable or equal any historical performance level(s).

Certain portions of IIC’s web site (i.e. newsletters, articles, commentaries. etc.) may contain a discussion of, and/or provide access to IIC’s (and those of other investment and non-investment professional) positions 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). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from IIC or from any other investment professional. IIC is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Each client and prospective client agrees, as a condition precedent to his/her/its access to IIC’s web site, to release and hold harmless IIC, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from IIC.