George K. Baum

FOR USE OF WEB SITE GEORGE K. BAUM & CO. (hereinafter "GKB") PROVIDES ALL INFORMATION AND MATERIALS ON THIS WEB SITE SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS:

Important Information About Content Of Site

This Web site (hereinafter "Site") is intended to provide general information about the investment process, and to provide specific information, data, research, reports and commentary regarding specific securities. This Site is provided for informational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security referenced in this Site. The information provided on this Site is for personal, non-commercial use. GKB does not intend to provide investment, tax or legal advice through this Site and does not represent that the securities or services described herein are suitable for any investor. Investors are advised not to rely on any information contained in this Site in the process of making a fully informed investment decision.

Information contained on this Site, including pricing, valuation, and commentary on specific securities reflects the authors' analysis as of the publication date indicated. The accuracy, completeness or timeliness of such information cannot be guaranteed and is subject to change. GKB is under no obligation to update the information to reflect changes after the publication date. Furthermore, news, views, opinions, commentary, recommendations, data, pricing and all other information contained on this Site is believed to be reliable, but GKB cannot and does not guarantee its accuracy, timeliness or completeness.

This Site has been published in the United States for residents of the United States. This Site is not intended for use by, or to provide any information to, investors outside of the United States. Investors outside of the United States are subject to securities tax and tax regulations within their applicable jurisdictions that are not addressed on this Site. No security, investment advisory service, or other product or service will be offered or sold in any jurisdiction in which such offer or solicitation, purchase or sale, would be contrary to the securities laws or other local laws and regulations. U.S. Investors should be advised that not all investments discussed on the Site may be available in all states.

Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Ownership and Restrictions on Use

GKB and/or its licensors own all right, title and interest in and to the data, text, graphics and other materials (hereinafter collectively referred to as "Materials") appearing on and/or generated by this Site, including all copyright, trademark and other intellectual property rights therein. You may view, download, print or distribute Materials for your internal informational and non-commercial use only, so long as you do not remove or obscure any copyright or other notices. You may not otherwise copy, publish, display, distribute, commercially exploit, modify, reverse engineer, disassemble, decompile, translate, adapt, create derivative works from, transfer or sell in any form or by any means, any part or portion of this Site including any Materials, any underlying code or other aspects of Site.

E-Mail Communication

This Site enables you to communicate electronically by sending an e-mail message to GKB and/or its employees and representatives. By use of this Site, you agree not to use e-mail to give GKB any instruction affecting your account(s), including, but not limited to, placing orders to purchase or sell a security or to transfer funds. You may not use e-mail for the transmission of your credit card numbers or any other personal credit information, to give notice of a change of address, to give instructions to change or confirm your password, or to give GKB any time-sensitive instructions. GKB shall not follow or otherwise take any such action on the basis of such e-mail instructions. GKB shall not be liable for any actions taken or any omissions to act as a result of any e-mail message(s) sent to GKB and/or its employees and representatives.

Modifications to the Site and to the Terms and Conditions

GKB reserves the right at any time to modify or discontinue on a temporary or permanent basis the operation of this Site and/or any information, products and/or services available on this Site with or without notice.

GKB also reserves the right at any time to modify these General Terms and Conditions and any other applicable terms and conditions to your use of the Site. Please review this page and any other notices on the Site on a regular basis to identify any such modifications. Your continued use of the Site serves as your acknowledgement and agreement to observe the applicable terms and conditions.

Links to Other Web Sites

This Site may provide links to other Web sites. GKB has no control over the linked sites and is not responsible or liable for any content, advertising, information, links, products, services or other materials available on such sites. GKB is providing these links only as a convenience to you. The inclusion of any such link does not imply any type of endorsement by GKB of the linked site, its operators or any of the content, advertising, information, links, products or services available on or through such sites. GKB shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, advertising, information, links, products or services available on or through any such linked site.

Prohibited Use

As a condition of your use of the Site, you agree that you will not use the Site for any purpose that is unlawful or prohibited by the applicable terms and conditions. You may not use the Site in any manner which could damage, disable, overburden, or impair the Site or interfere with any other party's use and enjoyment of the Site. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through this Site.

Security and Use of Password

Certain additional information and services available on this Site are accessible only to those users who have been provided with a password (hereinafter "Password Users"), including accessing information about your GKB account. In order to obtain a password, contact your GKB Representative. Use of the additional information and services shall be subject to additional terms and conditions. The Password User is solely responsible for (1) maintaining the confidentiality of the password, and (2) all activities that occur under the password. The Password User shall immediately notify its GKB Representative of any loss or theft of the password, or if the confidentiality of the password has otherwise been compromised in any way. GKB will not be responsible or liable for any loss or damage arising in any way from use of the password and/or the accessing of information or materials therewith.

Privacy Statement

GKB shall use reasonable precautions to maintain the confidentiality of your account information, or any other information provided by you or to you via this Site, or any communication through e-mail. Because this information can be accessed through the Internet, you hereby acknowledge and agree that there can be no assurance that such information will remain secure. GKB may at times disclose such information to its employees, representatives, officers, agents or affiliates, as well as any governmental entity, in the conduct of its business, to comply with applicable rules, orders, subpoenas or other legal processes, in order to provide information to any governmental agency or official requesting such information, or for any other legitimate business purpose.

Disclaimer and Limitation of Liability

GKB ACCEPTS NO RESPONSIBILITY FOR AND MAKES NO WARRANTIES OF ANY KIND REGARDING THE SUITABILITY, RELIABILITY, COMPLETENESS, AVAILABILITY, TIMELINESS, OR ACCURACY OF THE INFORMATION AVAILABLE ON OR THROUGH THIS SITE, AND CANNOT ASSUME OR BE RESPONSIBLE FOR ANY FINANCIAL RESULTS BASED ON THE USE OF SUCH INFORMATION. ANY QUOTATIONS OR OTHER PRICING INFORMATION PROVIDED ON THIS SITE MAY BE DELAYED OR OUTDATED AND MAY NOT REFLECT THE PRICES AT WHICH THE QUOTED SECURITIES MAY BE BOUGHT OR SOLD. YOU SHOULD NOT MAKE ANY DECISIONS TO BUY OR SELL BASED ON SUCH QUOTATIONS OR ON ANY OTHER INFORMATION ACCESSED ON OR THROUGH THE SITE.

GKB HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES, REPRESENTATIONS AND CONDITIONS OF ANY KIND WITH REGARD TO USE OF THE SITE AND ANY INFORMATION AVAILABLE ON OR THROUGH THE SITE, EITHER EXPRESS OR IMPLIED, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.

IN NO EVENT SHALL GKB BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR ANY OTHER DAMAGES WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH (1) THE USE OR PERFORMANCE OF THE SITE, (2) THE DELAY OR INABILITY TO USE THE SITE IN WHOLE OR IN PART, (3) ANY RELIANCE BY YOU ON INFORMATION PROVIDED ON OR THROUGH THIS SITE, OR ON THE RELIABILITY, ACCURACY, COMPLETENESS, SEQUENCE OR TIMELINESS THEREOF, (4) ANY UNAUTHORIZED USE BY YOU OF E-MAIL, OR (4) TERMINATION OR MODIFICATION BY GKB OF THE SITE OR ANY SERVICES OR INFORMATION PROVIDED THEREON, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, EVEN IF GKB HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU.

IN ADDITION TO AND WITHOUT LIMITING THE FOREGOING, GKB SHALL NOT BE LIABLE FOR ANY HARM CAUSED BY THE TRANSMISSION, VIA USE OF THE SITE, OF A COMPUTER VIRUS, OR OTHER COMPUTER CODE OR PROGRAMMING DEVICE THAT MIGHT BE USED TO ACCESS, MODIFY, DELETE, DAMAGE, CORRUPT, DEACTIVATE, DISABLE, DISRUPT, OR OTHERWISE IMPEDE IN ANY MANNER THE OPERATION OF ANY OF YOUR SOFTWARE, HARDWARE, DATA OR PROPERTY.

IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE SITE, OR WITH ANY OF THESE TERMS AND CONDITIONS OF USE OF THE SITE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS SITE.

IF THESE TERMS AND CONDITIONS ARE NOT ACCEPTABLE IN FULL, YOU MUST IMMEDIATELY TERMINATE YOUR USE OF THIS SITE.