Website User Agreement

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JMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through three subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors. JMP Group is listed on the New York Stock Exchange and trades under the symbol “JMP.”

JMP Securities LLC is an affiliated company and subsidiary of JMP Group Inc. and is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Harvest Capital Strategies LLC is an affiliated company and subsidiary of JMP Group Inc. and is registered as an investment advisor with the U.S. Securities and Exchange Commission. JMP Credit Advisors is an affiliated company and subsidiary of JMP Group Inc. and is a manager of corporate debt employing active investment strategies in the loan, fixed income and structured products markets.

All references to “JMP” herein refer to JMP Group Inc. and its various subsidiaries.

By using this website, you agree to the following terms and conditions, which JMP may modify at any time without prior notice.

Terms of Use

The information on this website, including but not limited to research reports, has been published for informational purposes only and is not a solicitation or offer of any security or of any investment service or product. The content of this website is provided solely for the user’s personal use, subject to the limitations described herein, and the information may not be copied, reproduced, republished, transmitted or distributed in any way without the express written permission of JMP. Modification or use of the information for any purpose other than personal use is a violation of JMP’s copyrights and other proprietary rights.

The information provided on this website 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 JMP or its affiliates to any registration or qualification requirement within such jurisdiction or country. Neither the information nor any opinion contained in this website constitutes a solicitation or offer by JMP or its affiliates to buy or sell any securities, futures, options, investment partnership interests or other financial instruments or services. JMP does not intend the information on this website to be investment advice, and the information presented on this website should not be relied upon to make any investment decision.

The research reports appearing on this website are archived reports prepared on the date(s) specified in those reports and may not be current. The information contained therein may no longer be accurate due to the passage of time or for other reasons. These reports should not be relied upon in making a determination to buy or sell any security which is discussed in any of these reports. Please contact your JMP representative or the research analyst identified in any such report to determine whether more recent information is available.

No Offer to Sell or Solicitation of an Offer to Buy
Neither this site nor any information contained herein shall be an offer to sell, nor a solicitation of an offer to buy, limited partnership interests in any of the funds managed or offered by Harvest Capital Strategies or any other service or product. Any such offering will only be made pursuant to the offering memorandum for the relevant fund or product which contains material information not contained herein and will supercede, amend and supplement this material in its entirety.

Disclaimer of Warranty and Limitation of Liability
Although the information provided on this website is obtained or compiled from sources we believe to be reliable, the content of this website is provided as is, without warranty of any kind, either express or implied. JMP does not assume any obligation to update the information and data appearing on this website and does not guarantee that it is accurate, current, valid, complete or suitable for any particular purpose.

JMP makes no representations concerning this website and disclaims all express, implied and statutory warranties of any kind, including warranties of merchantability or fitness for a particular purpose, to the fullest extent allowed by applicable law. In no event shall JMP or any of its affiliates, directors, officers, employees, or third-party vendors be liable or have any responsibility of any kind for any damages of any kind arising from information available on this website or from the use of this website.

This site may contain links to other websites. JMP is not responsible for the content of such other sites, whether or not JMP is affiliated with the sponsors of such sites. Access to the linked sites does not imply that JMP in any way endorses or approves such sites or their products or services. Use of a linked site is at the user’s own risk, and JMP is not responsible or liable for any damages that may arise in connection with linking to a linked site. Linked sites may be subject to rules and regulations, privacy provisions, confidentiality provisions, transfer of personal data provisions and other provisions that differ from the regulations or provisions to which this site is subject. JMP is not responsible for any such regulations or provisions and expressly disclaims any and all liability related to such regulations or provisions.

Copyright and Limitation of Use Information
© 2002-2011 JMP Group Inc.

Unless otherwise noted, this website and its contents are the property of JMP. The posting of information, trademarks and logos on this website shall not limit JMP’s ownership interests in such materials. Users of this website may make single copies of information for their own personal use but are prohibited from selling or republishing any portion of this website without the prior written consent of JMP.

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