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The use of this website and the information on this website are subject to certain terms and conditions. By entering and using this website, including accessing the information available on the website, you acknowledge and agree to all terms and conditions stated herein and to the terms and conditions of our Privacy Policy (which can be accessed through the link labeled "Privacy Policy"), which forms a part of these terms and conditions (collectively, "Terms and Conditions"). If you do not agree to all of these Terms and Conditions, then you are not authorized to use this website or its content.

We reserve the right to change the content of this website, including these Terms and Conditions, at any time and for any reason, without notice or obligation, by updating this posting. Your continued use of this website following the posting of revisions or changes to content, including, without limitation, these Terms and Conditions, means that you accept all such revisions and changes. Any use of this website or any content in a manner inconsistent with these Terms and Conditions is deemed unauthorized access and may subject the user to civil or criminal penalties. The owner of this website, Ellipse Capital LLC, is entitled, at any time and without obligation to give reasons, to deny you the right to access this website.

1. USE OF MATERIALS.
Ellipse Capital LLC grants you a limited, non-exclusive license solely to print information from this site, to store such information on your personal computer, and to use such information only for your personal, noncommercial use, and not for any redistribution, in each case subject to these Terms and Conditions. You may not download or modify this site or any portion of it. This license does not include any resale or commercial use of this website or its contents; or any derivative use of this website or its contents. Any unauthorized use terminates the permission or license granted by Ellipse Capital LLC pursuant to these Terms and Conditions. All other rights expressed or implied are reserved by Ellipse Capital LLC. Caching of any portion of this site, unauthorized hypertext links to this website, and the framing of any content available through this site are all prohibited. By entering this website, you acknowledge and agree that Ellipse Capital LLC has not reviewed sites linked to this website and is not responsible for the content (including, without limitation, accuracy or completeness) of any off-site pages or any other website linked to this site. You agree that you understand that linked sites may, among other things, contain incomplete or inaccurate information, may be less secure or may not protect your privacy. Your linking to any other off-site pages or other sites is at your own risk. Ellipse Capital LLC shall have no responsibility or liability in connection with any off-site pages.

2. INTELLECTUAL PROPERTY.
Ellipse Capital LLC, the Funds (as defined below) and their respective Portfolio Companies (as the case may be) retain all copyrights, trademarks, and other intellectual property rights under U.S. and international law in all content on this site, including all rights in any copyright compilation, trademark, service mark, name, logo, or slogan. No portion of this site may be copied or distributed in any manner, or for any purpose, without prior express written permission of Ellipse Capital LLC. You acknowledge and agree that any name, logo, trademark, service mark, or any content (or any variation or combination thereof) contained on this website may not be used by you without Ellipse Capital LLC's prior written approval. You agree to notify Ellipse Capital LLC. promptly in writing at 150 North Michigan Avenue, Suite 2800, Chicago Illinois 60601 of any violation of these Terms and Conditions of which you become aware.

3. DISCLAIMERS AND LIMITATIONS.
ELLIPSE CAPITAL LLC ACTS AS AN ADVISOR TO AFFILIATED INVESTMENT FUNDS (THE "FUNDS"), INCLUDING, WITHOUT LIMITATION, ELLIPSE CAPITAL PARTNERS LP, AND CERTAIN OF THE PORTFOLIO COMPANIES OF THE FUNDS. ELLIPSE CAPITAL LLC HAS NO OWNERSHIP INTEREST IN, OR OTHER RELATIONSHIP (OTHER THAN ITS CONTRACTUAL ADVISORY RELATIONSHIP) WITH, THE FUNDS OR THEIR RESPECTIVE PORTFOLIO COMPANIES. NEITHER ELLIPSE CAPITAL LLC NOR THE FUNDS ARE RESPONSIBLE FOR, GUARANTEE, OR SHALL OTHERWISE BE LIABLE FOR, THE FINANCIAL PERFORMANCE, RESULTS OF OPERATIONS, OR DEBTS, LIABILITIES OR OBLIGATIONS OF THE PORTFOLIO COMPANIES OF THE FUNDS OR OF EACH OTHER. THE EMPLOYEES OF ELLIPSE CAPITAL LLC DO NOT SERVE AS EMPLOYEES OF THE FUNDS OR THEIR RESPECTIVE PORTFOLIO COMPANIES. NEITHER ELLIPSE CAPITAL LLC NOR THE FUNDS ARE RESPONSIBLE FOR THE INFORMATION CONTAINED HEREIN OR FOR INCORRECT OR INCOMPLETE INFORMATION, DATA, OR OTHER CONTENT POSTED TO THIS SITE. UNLESS EXPRESSLY NOTED, ANY FINANCIAL INFORMATION AND OTHER CONTENT CONTAINED ON THIS WEBSITE IS UNAUDITED AND MAY NOT BE CURRENT. NEITHER ELLIPSE CAPITAL LLC NOR THE FUNDS MAKES ANY COMMITMENT TO UPDATE THE CONTENTS OF THIS WEBSITE SO AS TO BE CURRENT. THIS SITE AND ALL CONTENT CONTAINED HEREIN ARE PROVIDED TO YOU "AS IS" WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT, IN EACH CASE TO THE FULLEST EXTENT PERMITTED BY LAW. TO THE FULLEST EXTENT PERMITTED BY LAW, ELLIPSE CAPITAL LLC AND THE FUNDS ALSO DISCLAIM ANY REPRESENTATIONS AND WARRANTIES FOR THE ACCURACY, COMPLETENESS, SECURITY, RELIABILITY, TIMELINESS, AND PERFORMANCE OF THIS WEBSITE AND THE CONTENT.

YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OF THIS WEBSITE AND ANY CONTENT IS AT YOUR OWN RISK AND THAT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, NONE OF THE PARTIES INVOLVED IN CREATING, PRODUCING, OR DELIVERING THIS WEBSITE OR ANY CONTENT IS LIABLE FOR ANY DIRECT, INCIDENTAL, CONSEQUENTIAL, INDIRECT, OR PUNITIVE DAMAGES, OR ANY OTHER LOSSES, COSTS, OR EXPENSES OF ANY KIND (INCLUDING LOST PROFITS OR DAMAGES FOR BUSINESS INTERRUPTION) WHICH MAY ARISE, DIRECTLY OR INDIRECTLY, OUT OF OR THROUGH THE ACCESS TO, USE OF, INABILITY TO USE, RESULTS, OR BROWSING OF THIS WEBSITE, ANY WEBSITES LINKED TO THIS WEBSITE, OR ANY CONTENT ON THIS OR ANY OTHER SITE, AND WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT ANY OF ELLIPSE CAPITAL LLC OR THE FUNDS IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN THE EVENT THAT, NOTWITHSTANDING THE FOREGOING, ELLIPSE CAPITAL LLC OR ANY FUND IS DEEMED LIABLE IN CONNECTION WITH THIS WEBSITE OR ANY CONTENT, THEN YOU AGREE THAT THEIR TOTAL LIABILITY SHALL BE LIMITED TO TWO HUNDRED FIFTY DOLLARS.

4. INDEMNITY.
You agree to indemnify and hold Ellipse Capital LLC, the Funds, the general partners of the Funds and their respective affiliates, and its and their respective officers, agents, and employees, as well as their licensors and other third parties with which they contract, harmless from and against any and all claims, demands, actions, costs and/or expenses (including reasonable attorney's fees) incurred by or against such persons or entities arising out of or resulting from your use of this website or any content, your violations of these Terms and Conditions, and/or your violation of any rights of a third party.

5. APPLICABLE LAW; JURISDICTION.
By visiting this site, you agree that the laws of the State of Illinois, without regard to principles of conflict of laws, will govern this website, these Terms and Conditions, and any dispute of any sort that may arise between you and Ellipse Capital LLC, the Funds or any of their respective affiliates related to this website or any content. You hereby consent to the exclusive jurisdiction of federal and state courts in Cook County in the State of Illinois for the purpose of resolving any dispute relating to your visit to this site. Ellipse Capital LLC or the Funds may seek injunctive or other appropriate relief in any state or federal court in Cook County in the State of Illinois, and you consent to exclusive jurisdiction and venue in such courts.

6. SUBMISSIONS.
You acknowledge and agree that any communication or material you transmit to this website or to Ellipse Capital LLC or the Funds, in any manner and for any reason, will not be treated as confidential or proprietary. Furthermore, you acknowledge and agree that any materials you transmit to Ellipse Capital LLC or the Funds may be used by Ellipse Capital LLC or the Funds anywhere, anytime, and for any reason whatsoever and will become the property of Ellipse Capital LLC and/or the Funds.

7. PRIVACY.
Please review our Privacy Policy for information regarding information and data that we collect (which may include information and data related to you) and how we may use, share and transfer such information and data.

8. MISCELLANEOUS.
Neither this website nor any content is an offer for securities or any form of solicitation. Access to and use of this website, and any content, is subject to all applicable international, federal, state, and local laws and regulations. Neither this website nor any content is intended for use by any person or entity in any country or jurisdiction where such use would be contrary to local law or regulation, and no such person or entity is authorized to access or use this website or any content.

If any of these Terms and Conditions are deemed invalid, void, or unenforceable, such term or condition shall be deemed severable and shall not affect the validity or enforceability of the remaining terms and conditions. Any court of competent jurisdiction or arbitrator agreed to by the parties shall have the authority to reform any such invalid, void, or unenforceable term or condition to the minimum extent necessary so that such term or condition is valid and enforceable.

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