This agreement describes your rights and responsibilities. Please read it carefully. It is highly recommended that you consult a licensed financial advisor or broker before making any and all investment decisions.

Global Investment Service, Inc. fully conforms to the United States Supreme Court decision in Lowe vs. SEC publishing. Users should be aware that investing in stocks involves potentially high risks to an investor's capital. Speculating with options can present even greater risk, including the complete loss of principal. Such investing is not suitable for every investor. We strongly encourage each individual to ascertain what level of risk is appropriate for them given their investing experience and financial resources. Investors must conduct their own research to insure that their own objectives are taken into consideration. There are many sources in which an investor should educate themselves, including information available from the NY Stock Exchange and NASDAQ web sites.

All contents of the service are provided for information purposes only and are provided without warranty of any kind. In no event will we be liable for any direct, indirect, consequential, or incidental damages arising out of any decision made or action taken by you in reliance on the service, whether or not caused in whole or part by our negligence.

You agree that the service should not be interpreted as investment advice, as an endorsement of any security, or as an offer to buy or sell any security. We are not a registered broker dealer, or financial advisor.

We do not provide personal investment advice. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision. There is no substitute for good, thorough, individual research. This site does not render any legal or tax advice. We recommend that you seek the professional individual advice of an attorney, personal financial advisor, stockbroker or accountant before buying or selling securities, or making any investment decisions. You assume the entire cost and risk of any investing or trading you choose to undertake. We do not represent ourselves as qualified investment advisors or properly licensed parties. We are a publicly available service that provides general, disinterested information.

The trading of securities may not be suitable for all potential users of the service. You should be aware of the risks inherent in the stock market. Past performance does not guarantee or imply future success. You cannot assume that profits or gains will be realized or that any recommendation made by the service will be profitable. Investors should recognize their own risk levels and always do substantial research before making any trades.

All information provided by the service is obtained from sources believed to be accurate and reliable. However, due to the number of sources from which information on the service is obtained, and the inherent hazards of electronic distribution, there may be delays, omissions, or inaccuracies in such information. We do not warranty the accuracy, completeness, correctness or fitness for any particular purpose of the information available through the service. This site does not make any offer to solicit, deal in, sell or dispose of any security for valuable consideration, and does not give advice for the purpose of buying and selling a security.

The opinions expressed about the stocks, funds, options, markets and other investments mentioned on this site or through our services are purely the result of independent research conducted by our staff and are not offers or solicitations to buy or sell the securities mentioned.

Any redistribution of the information, images or intellectual property presented and or contained within this website without prior written consent from MANAGEMENT is strictly prohibited.

The Information, Forms and other resources available on or through this Website and received from or through this Website such as emails and/or newsletters are provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this Website is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this Website and provided from or through this Website in the form of emails and/or newsletters is general in nature and is not specific to you the User or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON OR DELIVERED BY ANY OF THE PRODUCTS, SERVICES, INTERNET WEB SITES WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You agree that any and all use of the Information and Website which you make, is solely at your own risk and without any recourse whatsoever to Global Investment Services, Inc. , its associates, subsidiaries, partners or content Providers. You understand that you are using any and all Information, Forms and other resources available on or through this Website and received from or through this Website such as emails and/or newsletters AT YOUR OWN RISK.

Global Investment Services, Inc. makes no representations or warrantees, expressed or implied, as to the accuracy, completeness, or fitness for any purpose or use of the Information presented on the Website or made available from any or all of the products, services, internet web sites owned and operated by Global Investment Services, Inc.. The Information may not in all cases be current and it is subject to continuous change. Accordingly, you should not rely on any of the Information as authoritative or substitute for the exercise of your own skill and judgment in making any investment or other decision. Global Investment Services, Inc. does not warrant that the supply of Information will be uninterrupted, error free or not terminated altogether, and will not be liable for any direct, indirect, or consequential loss arising from any use of or reliance on the Information and its availability.

PERFORMANCE RECORD DISCLAIMER
The Information does not constitute or form part of an offer, subscription, recommendation or solicitation to buy or sell any securities, commodities, financial objects, futures, options, stocks, exchange traded funds (ETFs) or other investment vehicles, in any amount or at all or to take up any services, nor should it be relied on in connection with any contract or commitment whatsoever. YOU ABSOLUTELY MUST MAKE YOUR OWN DECISION BEFORE ACTING ON ANY INFORMATION OBTAINED FROM THIS WEBSITE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. The performance information presented in the chart or table represents backtested performance based on combined simulated ETF data and live (or actual) trade results from ETF inception to period ending date. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Further, since the trades have not actually been executed, the results may have under-compensated or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Global Investment Services, Inc. does not warrant that trading models, methods or systems presented in its services or the information available on or from its Website and received from or through this Website such as emails, daily reports and/or newsletters will result in either profits or losses.

Analyst research available through this Website does not constitute a recommendation or a solicitation by Global Investment Services, Inc. nor is it a recommendation or solicitation that any particular investor should purchase or sell any particular securities, commodities, financial objects, futures, options, stocks, ETFs or other investment vehicles, in any amount or at all. Global Investment Services, Inc. and its employees and/or representatives are not and do not represent themselves as being investment advisors or investment managers, and do not make representations relating to the use of the Information on this Website. Global Investment Services, Inc. does not warrant or make any representations regarding the use or the results of the use of the Information and materials on this Website in terms of their correctness, accuracy, reliability, profitability, or otherwise. The information and commentaries are not meant to be endorsements or offerings of any securities, commodities, financial objects, futures, options, stocks, ETFs or other investment vehicles. As well, they are not meant to be guides to investment. Global Investment Services, Inc., its employees and representatives are in no way liable for the use of the Information by others in investing or trading in investment vehicles.

GLOBAL INVESTMENT SERVICES, INC. PROVIDES THE GLINSER WEB SITES "AS IS," "WITH ALL FAULTS" AND "AS AVAILABLE," AND THE ENTIRE RISK AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY, AND EFFORT IS WITH YOU. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE GLOBAL INVESTMENT SERVICES, INC. PARTIES MAKE NO REPRESENTATIONS, WARRANTIES OR CONDITIONS, EXPRESS OR IMPLIED. THE GLOBAL INVESTMENT SERVICES, INC. PARTIES DISCLAIM ANY AND ALL WARRANTIES OR CONDITIONS, EXPRESS, STATUTORY AND IMPLIED, INCLUDING WITHOUT LIMITATION (1) WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, WORKMANLIKE EFFORT, ACCURACY, TITLE, QUIET ENJOYMENT, NO ENCUMBRANCES, NO LIENS AND NON-INFRINGEMENT, (2) WARRANTIES OR CONDITIONS ARISING THROUGH COURSE OF DEALING OR USAGE OF TRADE, AND (3) WARRANTIES OR CONDITIONS THAT ACCESS TO OR USE OF THE GLINSER WEB SITES WILL BE UNINTERRUPTED; OR ERROR-FREE. THERE ARE NO WARRANTIES THAT EXTEND BEYOND THE FACE OF THIS AGREEMENT.

IN NO EVENT WILL ANY GLOBAL INVESTMENT SERVICES, INC. PARTY BE LIABLE FOR ANY DAMAGES, INCLUDING WITHOUT LIMITATION ANY INDIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL, OR PUNITIVE DAMAGES ARISING OUT OF, BASED ON, OR RESULTING FROM THIS AGREEMENT OR YOUR USE OF THE GLINSER WEB SITES, EVEN IF SUCH GLOBAL INVESTMENT SERVICES, INC. PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE EXCLUSION OF DAMAGES UNDER SECTION 10 IS INDEPENDENT OF YOUR EXCLUSIVE REMEDY AND SURVIVES IN THE EVENT SUCH REMEDY FAILS OF ITS ESSENTIAL PURPOSE OR IS OTHERWISE DEEMED UNENFORCEABLE. THESE LIMITATIONS AND EXCLUSIONS APPLY WITHOUT REGARD TO WHETHER THE DAMAGES ARISE FROM (1) BREACH OF CONTRACT, (2) BREACH OF WARRANTY, (3) NEGLIGENCE, OR (4) ANY OTHER CAUSE OF ACTION, TO THE EXTENT SUCH EXCLUSION AND LIMITATIONS ARE NOT PROHIBITED BY APPLICABLE LAW. IF YOU ARE DISSATISFIED WITH THE GLINSER WEB SITES, YOU DO NOT AGREE WITH ANY PART OF THIS AGREEMENT, OR YOU HAVE ANY OTHER DISPUTE OR CLAIM WITH OR AGAINST ANY GLOBAL INVESTMENT SERVICES, INC. PARTY WITH RESPECT TO THIS AGREEMENT OR THE GLINSER WEB SITES, THEN YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE GLINSER WEB SITES.

Global Investment Services, Inc., DBA GLINSER, also referred to as Us, We, GLINSER.com. You and Your, refers to The Subscriber to GLINSER.com Exchange-Traded Funds (EFT) service(s).

Trading stocks and ETFs involves high levels of risk. Before buying or selling an option, You, the Subscriber, should utilize the information available from the Securities and Exchange Commission at http://www.sec.gov, and the National Association of Securities Dealers at http://www.nasd.com.

Global Investment Services, Inc., DBA GLINSER, and it's Principals and Employees, ARE NOT registered as investment advisers under the Investment Advisers Act of 1940. Global Investment Services, Inc., DBA GLINSER, and it's Principals and Employees, produce and distributes impersonal ETF reports for stock/ETF traders and investors. ETF services are either emailed to You, the Subscriber, or issued via an Internet Link. All information and services originating from Global Investment Services, Inc., DBA GLINSER, is for informational purposes only. Individual trading advice is not given at any time. ETF services, statements, information, advertising, promotions, educational information, any and all Web Site information, fall under the First Amendment Right to Freedom of Speech. Global Investment Services, Inc., DBA GLINSER, its' Principals, and Employees, are not Financial Advisors nor Broker Dealers nor Investment Advisors. GLINSER relies upon the "publishers' exclusion" from the definition of investment adviser under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. Therefore, GLINSER does not offer or provide personalized advice. We publish information about ETFs in which our Subscribers may have interest and this information reflects our opinion(s). The information that we provide either by email, Internet, or from our website, is not intended to be, and should not be construed in any manner whatsoever as, personalized advice. Also, information provided in emails or Web Site, is not to be construed by any Subscriber or prospective Subscriber as solicitation to effect, or attempt to effect, any transaction in a security. Investments in the securities markets, and especially in options are extremely speculative and involve substantial risk. We encourage Subscribers to obtain personal advice from your professional investment advisor and to make independent investigations before acting on the information that is gotten from any of our services.

You, the Subscriber and undersigned, agree and understand, that Auto-Trading is a service offered by some Brokerage Companies, whereby orders for stocks, ETFs and or options, are placed by the Brokerage Company in Your, The Account Holder's behalf. You, the Account Holder, set instructions in your Brokerage account with regard to the number of shares and or capital allocation for which the Brokerage Company will execute in your behalf. GLINSER is not privy to your Brokerage account and does not have access to Your brokerage account information in any way.

Global Investment Services, Inc., DBA GLINSER, does not advise or specify which Brokerage Company you should use for Auto-Trading. GLINSER does not prefer or recommend one Brokerage Company to any other, and does not rate or rank Brokerage Companies in any way. GLINSER has no affiliation, or financial agreement with any Brokerage Company. Therefore, the agreement to use Auto Trade is solely between You, the Brokerage Account Holder, and the Brokerage Company.

Global Investment Services, Inc., DBA GLINSER, issues ETF reports via email or Internet to You, The Subscriber. You, The Subscriber, hereby requests Global Investment Services, Inc., DBA GLINSER, to forward, via email, the same ETF report information of Your subscription service(s), whether it be stocks, ETFs and/or options, to the Brokerage Company of your choice and specified by You, The Subscriber. You, The Subscriber, request Global Investment Services, Inc., DBA GLINSER, to forward your newsletter information to the Brokerage Company of your choice, in order to save the time and effort of doing this yourself. Additionally, ETFs report services can be forwarded to other family members of Your choice, who share the same last name as that of the You, Subscriber. GLINSER does not charge any additional fees whatsoever, for the email forwarding of it's ETFs report services to third parties. Global Investment Services, Inc., DBA GLINSER, may have a number of Subscribers using the same ETFs report service, whom of which also request ETF report forwarding to the same Brokerage Company. In cases of this nature, GLINSER, in order to save time, may email the ETFs report(s) information in aggregate.

You, The Subscriber, are responsible for evaluating any and all EFTs report information provided by GLINSER. Such information includes trading strategies, terminologies, risks, and capital obligations. You understand that there is a high degree of risk involved in trading securities and options. Past results of any trades published in GLINSER EFT reports, GLINSER Web Site, or any promotional material, are not indicative of future results. GLINSER, its employees, staff, or editor, assume no responsibility or liability for your trading or investment results. Any indicators, strategies, commentaries, and/or all other features are for informational and educational purposes only, and should not be construed as investment or trading advice.

Global Investment Services, Inc., DBA GLINSER, does not in any way warrant or guarantee the success of any action, which you take in reliance on our statements. Global Investment Services, Inc., DBA GLINSER, liability, whether in contract, tort, negligence, or otherwise, shall be limited in the aggregate to direct and actual damages not to exceed the fees received by from Subscriber. I, the undersigned, agree that Global Investment Services, Inc., DBA GLINSER, and all and any employees of Global Investment Services, Inc., DBA GLINSER, will not and can not be liable for consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by Global Investment Services, Inc., DBA GLINSER and all and any employees of Global Investment Services, Inc., DBA GLINSER. Without limitation, Global Investment Services, Inc., DBA GLINSER, and all and any employees of Global Investment Services, Inc., DBA GLINSER, will not and can not and shall not be responsible or liable for any loss or damages related to, either directly or indirectly, (1) any decline in market value or loss of any investment; (2) a subscriber's inability to use or any delay in accessing Global Investment Services, Inc., DBA GLINSER website or any other source of material provided by Global Investment Services, Inc., DBA GLINSER, including, but not limited to email; (3) any absence of material on Global Investment Services, Inc., DBA GLINSER website or email; (4) Global Investment Services, Inc., DBA GLINSER failure to deliver or delay in delivering any material or (5) any kind of error in transmission of material. Global Investment Services, Inc., DBA GLINSER and Subscriber acknowledge that, without limitation, the above-enumerated conditions cannot be the probable result of any breach of any agreement between Global Investment Services, Inc., DBA GLINSER and Subscriber.

DISCLAIMER OF WARRANTY ANY AND ALL MATERIAL PROVIDED BY AUTOTRADING
I, the Subscriber, agree that Auto-Trading is an agreement between the Subscriber(s) and the Brokerage Company. It is solely the Subscriber's responsibility to notify the broker immediately of any and all changes to their account, including but not limited to: adding new services, changing any/all address information, transferring service from one publication to another, canceling service or service expiration. Global Investment Services, Inc., DBA GLINSER is not affiliated with any brokerage firm and does not endorse or recommend any specific brokerage firm. Global Investment Services, Inc., DBA GLINSER is not and will not be responsible for any trades made by the Broker on the Subscriber's behalf under any circumstances. Global Investment Services, Inc., DBA GLINSER is not and will not be responsible, or held liable for, email transmission, errors in order entry, order execution time and/or price, market conditions, or changes in market conditions that may effect price of a stock or option. It is fully understood that the autotrade agreement is solely between the Subscriber and Brokerage Company. Global Investment Services, Inc., DBA GLINSER, has absolutely no liability should losses be realized in any subscriber(s) account. I, the Subscriber, agree that Global Investment Services, Inc., DBA GLINSER, will not be liable for consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by Global Investment Services, Inc., DBA GLINSER, in any autotrade transaction. The Subscriber assumes all liability.

ACKNOWLEDGEMENT AND AGREEMENT
Notwithstanding any other agreement or other communications between Global Investment Services, Inc., DBA GLINSER and Subscriber to the contrary, receipt or use of any material provided by Global Investment Services, Inc., DBA GLINSER, at any time and through any means, whether directly or indirectly, represents acknowledgement by such person of this disclaimer and agreement with its terms and conditions. Global Investment Services, Inc., DBA GLINSER makes no representations or warranties about the accuracy or completeness of the information contained on this website, services, alerts, reports, or in emails.

THE GLOBAL INVESTMENT SERVICES, INC. PARTIES MAY CHANGE THE GLINSER WEB SITES OR DELETE FEATURES IN ANY WAY, AT ANY TIME AND FOR ANY REASON. As you use the GLINSER Web Sites, you should expect to receive, access or use information, materials, graphics, software, data and content (collectively, "Content") originated by Global Investment Services, Inc. and persons other than Global Investment Services, Inc. (any such person is referred to as a "Third Party"). WITHOUT LIMITING THE GENERALITY OF SECTIONS 9 AND 10, YOU ACKNOWLEDGE AND AGREE THAT THE GLOBAL INVESTMENT SERVICES, INC. PARTIES ARE NOT RESPONSIBLE OR LIABLE FOR (1) ANY CONTENT, INCLUDING WITHOUT LIMITATION, ANY INFRINGING, INACCURATE, OBSCENE, INDECENT, THREATENING, OFFENSIVE, DEFAMATORY, TORTIOUS, OR ILLEGAL CONTENT, OR (2) ANY THIRD PARTY CONDUCT, TRANSMISSIONS OR DATA. IN ADDITION, WITHOUT LIMITING THE GENERALITY OF SECTIONS 9 AND 10, YOU ACKNOWLEDGE AND AGREE THAT GLOBAL INVESTMENT SERVICES, INC. IS NOT RESPONSIBLE OR LIABLE FOR (1) ANY VIRUSES OR OTHER DISABLING FEATURES THAT AFFECT YOUR ACCESS TO OR USE OF THE GLINSER WEB SITES, (2) ANY INCOMPATIBILITY BETWEEN THE GLINSER WEB SITES AND OTHER WEB SITES, SERVICES, SOFTWARE AND HARDWARE, (3) ANY DELAYS OR FAILURES YOU MAY EXPERIENCE IN INITIATING, CONDUCTING OR COMPLETING ANY TRANSMISSIONS OR TRANSACTIONS IN CONNECTION WITH THE GLINSER WEB SITES IN AN ACCURATE OR TIMELY MANNER, OR (4) ANY DAMAGES OR COSTS OF ANY TYPE ARISING OUT OF OR IN ANY WAY CONNECTED WITH YOUR USE OF ANY SERVICES AVAILABLE FROM THIRD PARTIES THOUGH LINKS CONTAINED ON THE GLINSER WEB SITES. THE LIMITATIONS, EXCLUSIONS AND DISCLAIMERS IN SECTIONS 9, 10 AND 11 OF THIS AGREEMENT APPLY TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, AND ARE NOT INTENDED TO DEPRIVE YOU OF ANY MANDATORY PROTECTIONS PROVIDED TO YOU UNDER APPLICABLE LAW.

You agree that any dispute arising out of or relating to these Terms or any content posted to a Site, including copies and republication thereof, whether based in contract, tort, statutory or other law, will be governed by the laws of the State of California, excluding its conflicts of law provisions. You further consent to the personal jurisdiction of and exclusive venue in the federal and state courts located in and serving Orange County, California as the legal forum for any such dispute.