PLEASE READ ALL OF THE FOLLOWING TERMS AND CONDITIONS (T&C) OF USE FOR THIS WEBSITE. By continuing to access, link to, or use this website, or any service accessible via this website, you signify YOUR ACCEPTANCE OF THE T&C. United Global Asset Management (UGAM) reserves the right to amend, remove, or add to the T&C at any time. If you do not wish to accept the T&C, you may not access, link to, or use the WEBSITE. 


  1. Consent to the T&C

    You acknowledge that you have read and agree to be bound by the T&C.

  2. Intellectual Property

    The WEBSITE, including but not limited to text, content, photographs, video, audio, links, software and graphics, is protected by copyrights, trademarks, service marks, international treaties, and/or other proprietary rights and laws of  British Virgin Island and other countries. The WEBSITE is also protected as a collective work or compilation under International copyright and other laws and treaties. All individual articles, columns and other elements making up the WEBSITE are also copyrighted works. You agree to abide by all applicable copyright and other laws, as well as any additional copyright notices or restrictions contained in the WEBSITE. You acknowledge that the WEBSITE has been developed, compiled, prepared, revised, selected, and arranged by UGAM, its general and limited partners, and its subsidiaries, and their respective general partners and affiliate. You may not copy or make any use of the WEBSITE or any portion thereof. Except as specifically permitted herein, you shall not use the Intellectual Property Rights or the WEBSITE, or the names of any individual participant in, or contributor to, the WEBSITE, or any variations or derivatives thereof, for any purpose, without UGAM’s prior written approval.

  3. Restrictions on Use

    You may not use the WEBSITE for any illegal purpose, for the facilitation of the violation of any law or regulation. You may not use the WEBSITE for transferring or collecting deposit, investment or any other source of fund. You agree to use the WEBSITE solely for your own non-commercial use and benefit, and not for resale or other transfer or disposition to, or use by or for the benefit of, any other person or entity. You agree not to use, transfer, distribute, or dispose of any information contained in the WEBSITE in any manner that could compete with the business of UGAM or any of its affiliates.

    You may not copy, reproduce, recompile, decompile, disassemble, reverse engineer, distribute, publish, display, perform, modify, upload to, create derivative works from, transmit, or in any way exploit any part of the WEBSITE, except that you may download material from the WEBSITE and/or make one print copy for your own personal, non-commercial use, provided that you retain all copyright and other proprietary notices. You may not re-circulate, redistribute or publish the analysis and presentation included in the WEBSITE without UGAM’s prior written consent. You may not offer any part of the WEBSITE for sale or distribute it over any other medium including but not limited to over-the-air television or radio broadcast, a computer network or hyperlink framing on the Internet without the prior written consent of UGAM. The WEBSITE and the information contained therein may not be used to construct a database of any kind. Nor may the WEBSITE be stored (in its entirety or in any part) in databases for access by you or any third party or to distribute any database WEBSITEs containing all or part of the WEBSITE. You may not use the WEBSITE in any way to improve the quality of any data sold or contributed by you to any third party.

    You may not input, distribute, upload, post, email, transmit or otherwise make available any content through the WEBSITE that:

    1. is promotional in nature, including solicitations for funds or business, without the prior written authorization of UGAM, or constitutes junk mail, spam, chain letters, pyramid schemes or the like;
    2. is unlawful, harmful, threatening, abusive, harassing, tortuous, defamatory, vulgar, obscene, libelous, invasive of another’s privacy, hateful, or racially, ethnically or otherwise objectionable;
    3. you do not have the right to make available under any law or under contractual or fiduciary relationships
    4. (such as inside information, proprietary and confidential  information learned or disclosed as part of employment relationships or under nondisclosure agreements);
    5. infringes any patent, trademark, trade secret, copyright or other proprietary rights of any party;
    6. contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware, or telecommunications equipment;
    7. is harmful to minors; or
    8. constitutes the personally identifiable information of any other person that such person has not authorized you to disclose.

    You may not use any of the trademarks, trade names, service marks, copyrights, or logos of UGAM in any manner which creates the impression that such items belong to or are associated with you or are used with UGAM’s consent, and you acknowledge that you have no ownership rights in and to any of such items.

    You may neither interfere with nor attempt to interfere with nor otherwise disrupt the proper working of the WEBSITE, any activities conducted on or through the WEBSITE or any servers or networks connected to the WEBSITE. You may neither obtain nor attempt to obtain through any means any materials or information on the WEBSITE that have not been intentionally made publicly available either by public display on the WEBSITE or through accessibility by a visible link on the WEBSITE. You shall not violate the security of the WEBSITE or attempt to gain unauthorized access to the WEBSITE, data, materials, information, computer systems or networks connected to any server associated with the WEBSITE, through hacking, DDoS attack, password timing or any other means. You may neither take nor attempt any action that, in the sole discretion of UGAM, imposes or may impose an unreasonable or disproportionately large load or burden on the WEBSITE or the infrastructure of the WEBSITE. You shall not use or attempt to use any “scraper,” “robot,” “bot,” “spider,” “data mining,” “computer code,” or any other automate device, program, tool, algorithm, process or methodology to access, acquire, copy, or monitor any portion of the WEBSITE, any data or content found on or accessed through the WEBSITE, or any other WEBSITE information without the prior express written consent of UGAM. You may not forge headers or otherwise manipulate identifiers in order to disguise the origin of any other content.

    You confirm having been informed and understood that the WEBSITE does not constitute in itself a service of UGAM.

  4. License

    (i) You acquire absolutely no rights or licenses in or to the WEBSITE and materials contained within the WEBSITE other than the limited right to use the WEBSITE in accordance with the T&C. Should you choose to download content from the WEBSITE, you must do so in accordance with the T&C. Such download is licensed to you by UGAM ONLY for your own personal, non-commercial use in accordance with the T&C and does not transfer any other rights to you.

    (ii) If you submit material to the WEBSITE or to UGAM or its representative, unless UGAM indicates otherwise, you grant to UGAM a perpetual, nonexclusive, irrevocable, fully paid, royalty-free, sub-licensable and transferable (in whole or in part) worldwide right and license in any and all media, now known or later developed, to use, publish, reproduce, display, modify, transmit digitally, create derivative works based upon, distribute, copy, and otherwise exploit, such content for any purpose whatsoever (including, without limitation, advertising, commercial, promotional and publicity purposes) in UGAM’s discretion without additional notice, attribution or consideration to you or to any other person or entity. You also permit any other WEBSITE’S user to access, store, or reproduce such material for that user’s personal use. You grant UGAM the right to use the name that you submit in connection with such content. You represent and warrant that you own or otherwise control all of the rights to the material that you submit; that the material you submit is truthful and accurate; that use of the material you supply does not violate this TCU and will not cause injury to any person or entity; and that you will indemnify UGAM and its affiliates, agents, directors, officers, employees, representatives, successors, and assigns for all claims resulting from material you supply. UGAM and its affiliates, agents, directors, officers, employees, representatives, successors, and assigns disclaim any responsibility and assume no liability for any material submitted by you or any third party.

  5. Residence and Legal Restrictions

    The WEBSITE provision is not aimed at residents of jurisdictions from which for whatever reason the access to and use of the WEBSITE or any part thereof is either prohibited or strictly regulated. If you are subject to such restrictions, you may not access and use the WEBSITE or any part thereof.

  6. Disclaimer and Limitation of Liability


    (ii) UGAM does not warrant that the WEBSITE is compatible with your equipment or that the WEBSITE, or e-mail sent by UGAM or its representative, is free of errors or viruses, worms or “Trojan horses,” or any other harmful, invasive, or corrupted files, and is not liable for any damage you may suffer as a result of such destructive features. You agree that UGAM and its affiliates, shareholders, agents, directors, officers, employees, representatives, successors, and assigns shall have no responsibility or liability for: (i) any injury or damages, whether caused by the negligence of UGAM,  their respective affiliates, Suppliers, agents, directors, officers, employees, representatives, general partner, subsidiaries, successors, and assigns, or otherwise arising in connection with the WEBSITE and shall not be liable for any lost profits, losses, punitive, incidental or consequential damages, or any claim against UGAM by any other party; or (ii) any fault, inaccuracy, omission, delay, or any other failure in the WEBSITE caused by your computer equipment or arising from your use of the WEBSITE on such equipment. The content of other websites, services, goods, or advertisements that may be linked to the WEBSITE is not maintained or controlled by UGAM. UGAM is therefore not responsible for the availability, content, or accuracy of other websites, services, or goods that may be linked to, or advertised on the WEBSITE. UGAM does not: (a) make any warranty, express or implied, with respect to the use of the links provided on, or to, the WEBSITE; (b) guarantee the accuracy, completeness, usefulness or adequacy of any other websites, services, goods, or advertisements that may be linked to the WEBSITE; or (c) make any endorsement, express or implied, of any other websites, services, goods, or advertisements that may be linked to the WEBSITE. UGAM is also not responsible for the reliability or continued availability of the telephone lines, wireless services, communications media, and equipment you use to access the WEBSITE. You understand and acknowledge that UGAM and/or third-party contributors to the WEBSITE may choose at any time to inhibit or prohibit their content from being accessed under the T&C.

    (iii) You acknowledge that: (i) the WEBSITE is provided for information purposes only; (ii) the WEBSITE may include certain information taken from stock exchanges and other sources from around the world; (iii) UGAM does not guarantee the sequence, accuracy, completeness, fitness for a specific purpose or timeliness of the WEBSITE; (iv) the provision of certain parts of the WEBSITE is subject to the terms and conditions of other agreements to which UGAM is a party; (v) none of the information contained on the WEBSITE constitutes a solicitation, offer, opinion, or recommendation by UGAM to use, buy or sell any security or other financial instrument or service, or to provide legal, tax, accounting, or investment advice or services regarding the profitability or suitability of any security or service; and (vi) the information provided on the WEBSITE is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation. Accordingly, anything to the contrary herein set forth notwithstanding, UGAM, its affiliates , agents, directors, officers, employees, representatives, successors, and assigns shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (a) inaccuracies or errors in or omissions from the WEBSITE including, but not limited to, quotes and financial data; (b) delays, errors, or interruptions in the transmission or delivery of the WEBSITE and/or any part of its content; or (c) loss or damage arising there from or occasioned thereby, or by any reason of non-performance.

    (iv) Under no circumstances, including but not limited to negligence, shall UGAM, its affiliates, agents, directors, officers, employees, representatives, successors, or assigns be liable to you for direct, indirect, Incidental, consequential, special, punitive, or exemplary damages even if UGAM has been advised specifically of the possibility of sure damages, arising from the use of or inability to use the website or any links or items on the website or any provision of the T&C, such as, but not limited to, loss of revenue or anticipated profits or lost business. Applicable law may not allow the limitation or exclusion of liability or incidental or consequential damages. In no event shall UGAM’s total liability to you for all damages, losses and causes of action (whether in contract or tort, including but not limited to, negligence exceed the amount paid by you to UGAM, if any, for accessing the website.

  7. Indemnification

    You agree, at your own expense, to indemnify, defend and hold harmless UGAM, its affiliactes, agents, directors, officers, employees, representatives, successors, and assigns from and against any and all claims, damages, liabilities, costs, and expenses, including reasonable attorneys’ and experts’ fees, arising out of or in connection with the WEBSITE, or any links on the WEBSITE, including, but not limited to: (i) your use or someone using your computer’s use of the WEBSITE; (ii) a violation of the T&C by you or anyone using your computer (or account, where applicable); (iii) a claim that any use of the WEBSITE by you or someone using your computer infringes any intellectual property right of any third party, or any right of privacy or publicity, is libelous or defamatory, or otherwise results in injury or damage to any third party; (iv) any deletions, additions, insertions or alterations to, or any unauthorized use of the WEBSITE by you or someone using your computer; (v) any misrepresentation or breach of representation or warranty made by you contained herein; or (vi) any breach of any covenant or agreement to be performed by you hereunder. You agree to pay any and all costs, damages, and expenses, including, but not limited to, reasonable attorneys’ fees and costs awarded against or otherwise incurred by or in connection with or arising from any such claim, suit, action, or proceeding attributable to any such claim. UGAM reserves the right, at its own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with UGAM in asserting any available defense. You acknowledge and agree to pay UGAM’s reasonable attorneys’ fees incurred in connection with any and all lawsuits brought against you by UGAM under the T&C and any other terms and conditions applicable to the access and use of the WEBSITE, including without limitation, lawsuits arising from your failure to indemnify UGAM pursuant to the T&C.

  8. Termination

    You may terminate the T&C, with or without cause and at any time, by discontinuing your access and use of the WEBSITE and destroying all materials obtained from the WEBSITE.

    You agree that, without notice, UGAM may terminate the T&C, or suspend your access to the WEBSITE, with or without cause at any time and effective immediately. The T&C will terminate immediately without notice from UGAM if you, in UGAM’s sole discretion, fail to comply with any provision of the T&C.

    UGAM shall not be liable to you or any third party for the termination or suspension of the WEBSITE and/or access to the latter, or any claims related to the termination or suspension of the WEBSITE. Upon termination of the T&C by you or UGAM, you must discontinue your access and use of the WEBSITE and destroy promptly all materials obtained from the WEBSITE and any copies thereof.

  9. Miscellaneous

    You accept that UGAM has the right to change the accessibility, content or technical specifications of any aspect of the WEBSITE at any time in UGAM’s sole discretion. You further accept that such changes may result in you being unable to access and/or use the WEBSITE. The failure of UGAM to exercise or enforce any right or provision of the T&C shall not constitute a waiver of such right or provision

  10. Headings

    The section titles in the T&C are used solely for the convenience of you and UGAM and have no legal or contractual significance.

  11. Severability

    If at any time any provision of the T&C is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, that provision will be enforced to the maximum extent permissible and neither the legality, validity or enforceability of the remaining provisions of the T&C under the law of that jurisdiction nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall be in any way affected

  12. Entire Agreement

    The T&C and any other terms and conditions of use on the WEBSITE, and its successor, constitute the entire agreement between you and UGAM and govern your use of the WEBSITE.