I. USER ACKNOWLEDGEMENT

Real Investment Report USER ACKNOWLEDGMENT

As a user of the Real Investment Report (“Real Investment Report”) internet web site (the “Site”), by selecting the “I Agree” button, I subscribe to Real Investment Report’s internet web site in accordance with the Terms of Use and Important Disclosure Information set forth below, and agree, as a condition precedent to my/our access to Real Investment Report’ web site, to release and hold harmless, Clarity Financial, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from my/our use of the Site.

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II. IMPORTANT DISCLOSURE INFORMATION SECTION

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TERMS OF USE

IMPORTANT DISCLOSURE INFORMATION

Real Investment Report is an Internet based publication (the “Site”) and is not affiliated with Clarity Financial, an SEC registered investment adviser located in Houston, Texas. Neither Real Investment Report nor the Site is registered as an investment adviser with any federal or state regulatory agency, or in any other regulatory capacity. To the extent that any portion of the Site content would need to rely upon such an exemption, Real Investment Report would rely upon the “publisher’s exclusion” from the definition of “investment adviser” as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. To the extent reliance on the publisher’s exemption is necessary, the Site is a bona fide publication of general and regular circulation offering impersonalized investment-related advice to users and/or prospective users (e.g., not tailored to the specific investment portfolio or needs of current and/or prospective users).

The Site is limited to the dissemination of impersonal and objective investment-related information [together with access to additional impersonal investment-related information and links.] The publication of the Site on the Internet and the publication of any content should not be construed by any user and/or prospective user as Real Investment Report’s (i) solicitation to effect, or attempt to effect transactions in securities over the Internet, or (ii) provision of any investment related advice or services tailored to any particular individual’s financial situation or investment objective(s).

Users do not receive investment advisory, investment supervisory or investment management services, nor the initial or ongoing review or monitoring of the user’s individual investment portfolio or individual particular needs. Therefore, no user should assume that his/her/its use serves as a substitute for individual personalized advice from an investment professional of the user’s choosing. Rather, the Site is designed solely to provide users with a method to evaluate certain investment-related information and trading methodologies/systems.

The user maintains absolute discretion as to whether or not to follow any portion of the Site content. Real Investment Report does not offer or provide investment implementation services, nor does it offer or provide initial or ongoing individual personalized advice (neither in person nor via the Internet). It remains the user’s exclusive responsibility to review and evaluate the content and to determine whether to accept or reject any Site content. Real Investment Report expresses no opinion as to whether any of the Site content is appropriate for a user’s investment portfolio, strategy, financial situation, or investment objective(s).

It is the user’s exclusive responsibility to determine if any portion of the investment-related information and trading methodologies/systems. on the Site, if any, is suitable or appropriate for his/her financial situation and/or investment objectives, both initially and on an ongoing basis. No current or prospective user should assume that the future performance of any specific investment, investment strategy (including the investments trading methodologies/systems discussed on the Site) or any other Site content will be suitable or profitable for a user’s portfolio, equal historical or anticipated performance level(s), or prove to be correct.

Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a user or prospective user’s investment portfolio. Users do not receive investment advisory, investment supervisory or investment management services, nor the initial or ongoing review or monitoring of the user’s individual investment portfolio or individual particular needs. Therefore, no user should assume that his/her/its use serves as a substitute for individual personalized advice from an investment professional of the user’s choosing, including but not limited to Clarity Financial..

RELEASE: Each user or prospective user acknowledges and accepts the limitations of the Site and agrees, as a condition precedent to his/her/its access to the Site, to release and hold harmless Clarity Financial, its members, officers, directors, owners, employees, advisors, affiliates, and agents) from any and all adverse consequences resulting fromhis/her/its use, including, but not limited to, losses resulting from the user’s implementation of any of investment-related information and trading methodologies/systems.