1. Introduction

CM CAPITAL ONLINE invites you to visit our website where you will be able to read the Terms and Conditions that govern its usage, and in which, you will need to give your consent.

The purpose of this site is to provide Internet USERS with news, information, and establish a relationship between CM CAPITAL ONLINE and clients.

2. Information

Our best efforts to keep the information and material in the Site as accurate, updated, and complete as possible is taken at all times.

However, updates, corrections and removal of file information are solely the USERS' responsibility because they, the USERS, are the ones who control the previous mentioned activities. CM CAPITAL ONLINE is not liable for the use, application, or procedures that USERS may give to the previous mentioned information.

Our best efforts are taken to ensure that the information supplied in this Site is accurate, complete and updated. However, the contents, including all the information available in this Site, as well as the information accessed through it, are solely supplied "AS FOUND", and the use of these contents and information is entirely the USERS´ own responsibility.

The information in this Site can be updated or changed at any moment, or, from time to time, thereby, it should not be considered as permanent.

3. Privacy of our visitors

We have a formal policy concerning Online Privacy. The information in the register, as well as other information about the USER is under the terms of the Privacy Policy.

For further information, please check the document 'Privacy Policy' available at http://www.cmcapitalmarkets.com.br. This document is part of the Site's Terms and Conditions of Use and must be read thoroughly by all USERS before accepting and using the Site.

4. The Use of the Site and its Links

CM CAPITALMARKETS is under no circumstances liable for the use of its Site or accesses through links in the Site, or, for any action performed by the USER who has used information from the links. We are not liable for the content or the privacy practices of the sites that have links to our Site and vice versa.

5. Copyrights and Intellectual Rights

The texts, photographs, images, logos, and sounds used in this Site are under copyright and other intellectual property rights.

When USERS access CM CAPITAL ONLINE's homepage, they declare that they will respect all the industrial and intellectual rights related to the protection of registered trademarks, as well as, all rights concerning third parties that might be, or were, available in this Site. Simple access to the Site does not grant USERS any rights over names, titles, words, phrases, trademarks, patents, and artistic, literary, musical works, among others that might be, or were available in the Site.

All the commercial trademarks found in this Site are CM CAPITAL ONLINE's property or have been granted under license, or authorization by their owners to be used in this Site.

The copying of contents previously mentioned herein is prohibited, except in the case where CM CAPITAL ONLINE has given previous written consent, or when they are used for exclusively personal usage, and, under no circumstances, do USERS have any rights over any contents herein.

According to this Term, the use of the contents herein for advertising or commercial purposes or any other purpose other than the ones they were created for is strictly prohibited. Equally prohibited is the total or partial copying, distribution and divulging of any of its texts, charts and graphs, among others, that are part of this Site without previous written consent from CM CAPITAL ONLINE. However, copying is only permitted for personal use and filing, nevertheless, when this takes place, the parts must not be separated so as to truly supply a real understanding of their contents and purposes.

USERS take full civil and criminal responsibility for any or whatever wrong usage they may make of information, texts, graphs, trademarks, works, in summary, of any industrial or intellectual rights pertinent to this Site.

6. USERS are totally responsible for:

• providing their own access to the Internet and paying for all the fees concerning the services that third parties may charge;
• providing their own e-mail address via Internet and paying for all fees concerning the services that third parties may charge;
• providing all the necessary equipment to connect themselves to the Internet, including, but not limited to, a personal computer and modem;
• maintaining their personal computer in a safe environment through the use of available tools such as constantly updated anti-viruses and firewalls, in order to prevent electronic risks to themselves, the USERS.

7. Changes in the Terms and Conditions

Aiming at maintaining continuous development, we reserve the right, at any moment, to change the current Terms and Conditions. Unilaterally, when you, the USER, is browsing this Site, you accept to follow the Terms and Conditions that are present on this date, and therefore, it will be necessary for you to check them previously every time you access the Site.

8. Guarantee and Liability

Due to operational/technical problems or to outsourced services, the Site, and its services, can be subjected to problems related to interruptions, technical errors, or temporary service unavailability. When reasonably possible, CM CAPITAL ONLINE will warn USERS in advance of possible working interruptions of its Site and Services.

CM CAPITAL ONLINE is neither liable nor responsible for any damages or losses of any nature that might occur due to the unavailability or discontinuity of the Site and its Services. It is also not liable or responsible for the illegal use that USERS might attribute to the Site and its Services, to the failure of the Site and its Services, and particularly, but not limited to, the failures of access to the various pages within the Site or those who render services to it.

9. General Terms

Tolerance related to any breaches made in the items and conditions of this current agreement neither ends the duties herein established, nor ceases their demands at any moment.

The current contract is the total agreement between the parties involved and overrides all other previous agreements made before.

10. Applicable Law and Jurisdiction

This current document, entitled 'Terms and Agreement of Use' is governed according to the Federal Republic of Brazil. Its original text is written in the Portuguese language and USERS of the Site are under the legal jurisdiction of the city of São Paulo, in the state of São Paulo, Brazil.