Legal Information

Legends and Disclosures for Joule Energy Reduction Assets Fund

Joule Assets Inc. Website Terms and Conditions

Last Modified: January 20, 2014

Joule Assets Inc. (“Joule Assets”) makes the materials on this Website (“Site”) including all information, documents, communications, files, text, graphics, software, and products included on this Site (collectively “Materials”), available for your use subject to the terms and conditions set forth in this document (collectively, “Terms and Conditions”). This Site is offered and available to users who are 18 years of age or older and reside in the United States or any of its territories or possessions. By using this Site, you represent and warrant that you are of legal age to form a binding contract with the Company and meet all of the foregoing eligibility requirements. If you do not meet all of these requirements, you must not access or use the Site. By downloading, installing, viewing or using any Materials, you agree to these Terms and Conditions. If you do not agree to these Terms and Conditions, you may not use, access, download, or install the Materials.

1. Limited License

Joule Assets authorizes you to access a single copy of the Materials solely for informational purposes.

2. Ownership; Restrictions

The copyright and ownership interests in all Materials is held by Joule Assets and its suppliers and protected by U.S. laws and international treaty provisions. You agree not to use, copy, republish, transfer, display, perform, download, transmit, modify, rent, lease, loan, sell, assign, distribute, license, sublicense, reverse engineer, or create derivative works based on the Materials, except as expressly allowed herein. Unauthorized use of any Materials may violate copyright laws, trademark laws, the laws of privacy and publicity, communications regulations and statutes or other applicable laws, rules or regulations, and may subject you to civil liability and/or criminal penalties.

3. Term; Termination

These Terms and Conditions are effective until terminated or amended by Joule Assets. Joule Assets may terminate these Terms and Conditions with respect to you or any other third party without notice at any time for any reason. Upon termination all rights granted in these Terms and Conditions shall immediately cease to exist and you must promptly discontinue all use of the Materials and this Site and destroy all copies of the Materials downloaded by you. In addition, in the event that we determine, in our sole discretion, that you have breached any of our Terms and Conditions, we reserve the right to terminate access to this Site and take any other action which we, in our sole discretion, deem to be appropriate. All terms that by their nature should survive termination of these Terms and Conditions will survive.

4. Amendment.

We may revise and update these Terms and Conditions from time to time in our sole discretion. All changes are effective immediately when we post them. Your continued use of the Site following the posting of revised Terms and Conditions means that you accept and agree to the changes.

5. Use of Joule Assets Services.

In the event you have entered into a license agreement to access any services provided by Joule Assets (a “License Agreement”), and in the event of any conflict between such License Agreement and these terms and conditions, the terms of such License Agreement will govern.

6. Third Party Services.

Certain third party Materials made available for download from this Site may be accompanied and governed by License Agreements between you and a third party (“Third Party Agreements”). In such case, Joule Assets is not a party to such Third Party Agreements and Joule Assets’ shall have no liability in connection with any Third Party Agreements or services provided by third parties. You agree not to install, access, use, or download any third party Materials unless you have read and agree with the terms of the applicable license agreement.

7. Trademarks

The trademarks, service marks and logos used and displayed in the Materials are registered and unregistered trademarks and service marks of Joule Assets and others. You are not granted, expressly or by implication, estoppel or otherwise, any license or right to use any Joule Assets trademark, service mark or logo used or displayed in the Materials without the prior express written permission of Joule Assets.

8. Patents

Joule Assets’s technology and products, including products that may be available as part of the Materials, may be protected by one or more United States and/or international patents, patents pending or other intellectual property rights.

9. Forward-Looking Statements

The Materials may contain projections or other forward-looking statements relating to future events, future products or the future performance of Joule Assets. Such statements are only predictions and subject to certain risks and uncertainties. Consequently, actual events or results may differ materially. These risks and uncertainties are described from time to time in Joule Assets’ filings with the Securities and Exchange Commission.

10. Personal Information

Information submitted to Joule Assets through the Site is governed by Joule Assets’ Privacy Policy.

11. User Submissions

Except as may be provided in the Privacy Policy, no ideas, material, computer code, information or other communication you submit or post to the Site will be considered confidential or proprietary. All such material becomes the exclusive property of Joule Assets, which is entitled to use such material for any purpose without restriction or compensation. You are prohibited from posting or transmitting to or from the Site any unlawful, infringing, threatening, libelous, defamatory, obscene or pornographic material or any other material that would violate any law.

12. Links to Other Sites

Joule Assets makes no representations or warranties about any other site or material that you may access through links or other references on this Site. You do so at your own risk. The presence of links to non-Joule Assets sites or materials does not imply that Joule Assets endorses or accepts responsibility for the content or use of such sites or materials.

13. Access to Password-Protected or Secure Areas

Joule Assets may restrict some areas of the Site to authorized users only. Access to and use of areas of the Site that are password-protected and/or secure is restricted to such authorized users only. Unauthorized individuals attempting to access these areas may be subject to civil liability and criminal penalties.

14. Third Party Products and Services

This Site may mention third party products and services for informational purposes. Joule Assets makes no recommendations or endorsements about any third party products or services.

15. Disclaimer

You acknowledge and agree that the Materials are provided to you on an “as is” basis, without any warranty of any kind. All warranties, express or implied, including but not limited to implied warranties of merchantability, accuracy of informational content, fitness for a particular purpose, system integration, title, and non-infringement of any third party right with respect to the Materials or any services related to the Materials are expressly disclaimed to the fullest extent permitted by law.

No warranty or representation is given that the functions contained in the Materials will meet your requirements, that the operation of the Materials will be uninterrupted or error-free, or that any defects in the Materials will be corrected. No oral or written information or advice given by any person or entity shall create a warranty or representation or in any way increase the scope of this warranty. Some states or jurisdictions do not allow the exclusion of implied warranties or limitations on how long an implied warranty may last, so the above limitations may not apply to you.

16. LIMITATION OF LIABILITY

UNDER NO EVENT AND UNDER NO LEGAL THEORY, WHETHER IN TORT, CONTRACT, OR OTHERWISE, SHALL JOULE ASSETS OR ITS SUPPLIERS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTIAL, OR CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, DAMAGES FOR ANY LOST PROFITS, LOST SAVINGS, LOSS OF DATA, COSTS, FEES OR EXPENSES OF ANY KIND OR NATURE ARISING OUT OF OR RELATING TO THESE TERMS AND CONDITIONS, THIS SITE, OR THE USE OR INABILITY TO USE THE MATERIALS, OR ANY DATA SUPPLIED THEREWITH, EVEN IF JOULE ASSETS OR AN JOULE ASSETS REPRESENTATIVE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Some jurisdictions do not allow the exclusion or limitation of incidental, consequential or special damages, so the above limitation or exclusion may not apply to you.

17. Export Laws; Notice to U.S. government users

By using the Materials, you represent and warrant that you are not located in, under the control of, or a national or resident of any country to which the U.S. has embargoed goods. You agree that you will not export or “re-export” (transfer) the Materials or any product that contains the Materials unless you have complied with all applicable United States and foreign government export controls and approvals. For additional information with respect to the United States export controls, you may wish to visit the U.S. Bureau of Industry and Security’s web site at: http://www.bis.doc.gov/.

All Joule Assets products and publications are commercial in nature. The software and documentation available by download on this Site are “Commercial Items,” as that term is defined at 48 C.F.R. §2.101, consisting of “Commercial Computer Software” and “Commercial Computer Software Documentation,” as such terms are used in 48 C.F.R. §12.212 or 48 C.F.R. §227.7202, as applicable. Consistent with 48 C.F.R. §12.212 or 48 C.F.R. §§227.7202-1 through 227.7202-4, as applicable, the Commercial Computer Software and Commercial Computer Software and Documentation are licensed to U.S. Government end users (A) only as Commercial Items and (B) with only those rights as are granted to all other end users pursuant to these Terms and Conditions.

18. General

This Site is controlled by Joule Assets from its offices within the State of New York, United States of America. Joule Assets makes no representation that the Materials are appropriate for use in other locations. Any claim relating to the Materials or this Site will be governed by the laws of the State of New York, notwithstanding any conflicts of law principles, and the United States of America. Any part of these Terms and Conditions that is unlawful, void or unenforceable will be deemed severable and will not affect the validity or enforceability of the remaining provisions. All waivers must be in writing. Any waiver or failure to enforce these Terms and Conditions on one occasion will not be deemed a waiver of any other provision or of such provision on any other occasion. You may not assign your rights or obligations granted under these Terms and Conditions without the prior written consent of Joule Assets. Any attempted assignment or transfer without such prior written consent from Joule Assets shall be null and void. The headings of sections of these Terms and Conditions are for convenience only and are not to be used in interpreting these Terms and Conditions. In the event Joule Assets is required to initiate legal proceedings to enforce any provision of these Terms and Conditions or you initiate any legal proceedings relating to these Terms and Conditions, the prevailing party shall be entitled to recover all reasonable attorneys’ fees from the other party. These Terms and Conditions constitute the entire agreement between the parties regarding the subject matter hereof and supersedes all prior or contemporaneous agreements, understandings, and communication, whether written or oral.

19. Contact Information:

All requests for further information or for permission to reproduce any portions of the Materials should be directed to:

Joule Assets Inc. 2 Depot Plaza
Bedford Hills, New York, 10570

914 977 3444 [tel] 914 977 3516 [fax]