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DISCLAIMER
By accessing this website, you understand, acknowledge and agree to each of the following:

1. No Offer of Securities: The information contained on this website is for informational purposes only and is not intended to be and does not constitute (i) an offer to sell or a solicitation to buy interests in any private fund managed by Balestra Capital, Ltd. or its affiliates ("Balestra Capital") or any other security or (ii) an offer to sell any investment advisory services of Balestra. Any offer to sell or solicitation to buy interests in any private fund may only be made by means of the fund's Private Placement Memorandum, which contains detailed information concerning the terms and risks of an investment therein.

BALESTRA'S INVESTMENT ADVISORY SERVICES ARE SPECULATIVE, VOLATILE, INVOLVE A HIGH DEGREE OF RISK, ARE DESIGNED ONLY FOR SOPHISTICATED INVESTORS, AND ARE NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

2. No Reliance: The information contained on this website is not intended to be relied upon as and does not constitute investment, tax, legal or other advice by Balestra Capital, nor an opinion or recommendation regarding the appropriateness of any investment. This website should not be relied upon when making investment or other decisions.

3. No Warranty: The information contained on this website does not purport to be complete. While Balestra uses reasonable efforts to include accurate and up-to-date information on this website, errors or omissions sometimes occur. No representation, warranty, or undertaking, express or implied, is given as to the accuracy, reliability or completeness of the information contained on this website; no reliance may be placed for any purpose on such information; and no liability is accepted by Balestra Capital or any other person for the lack of accuracy or completeness of any such information. The contents of this website are current only as at the date they are first posted, or such other date, if any, indicated herein with respect to specific information, and may no longer be true or complete when viewed by you. All information contained on this website may be changed or amended without prior notice, although Balestra Capital undertakes no obligation to update such information.

4. Restrictions on Use of Materials: You may use the information on this website and reproduce it in hard copy for your personal reference only, provided you also retain all copyright and other proprietary notices contained on the materials. Such information may not otherwise be reproduced, distributed, stored in a data retrieval system or transmitted, in any form or by any means - electronic, mechanical, photocopy, recording or otherwise - without the prior written permission of Balestra Capital.

5. Trademarks and Copyrights: Copyright, trademarks, database rights, patents and all similar rights in or to this website and the information contained in it are owned by Balestra Capital, its licensors or relevant third party content providers. Nothing contained on this website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademark displayed on this website without the prior written permission of Balestra Capital or such third party that may own the trademark(s) displayed herein.

6. Limitation of Liability: Under no circumstances shall Balestra Capital or any party involved in creating, producing, maintaining or updating this website be liable for any direct, indirect, incidental, consequential, or punitive damages that result from the use of, or the inability to use or access, the information on this website, even if a Balestra Capital authorized representative has been advised of the possibility of such damages. Balestra Capital also assumes no responsibility, and shall not be liable for any damages to or viruses that may infect your computer equipment or other property on account of your access to, use of, or browsing on this website.

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