Terms of Use -

Please read the following terms and conditions ("Terms of Use") before using the Ibex Investors LLC website ("Site"). Your access to and use of the Site is subject to these Terms of Use and all applicable laws and regulations. The Terms of Use constitute a legal agreement between you and the Ibex Investors LLC. The Site is available only to, and may only be used by, individuals who can form legally binding contracts under applicable law. By accessing and using the Site, you accept, without qualification, these Terms of Use.

All persons using the Site expressly agree to the foregoing disclaimer as a pre-condition to using this Site for any purpose whatsoever. The materials on the Site including, without limitation, news articles, informational materials and all other manager-specific information, have been prepared for informational purposes only and do not constitute financial, legal, tax or any other advice. All information contained herein is provided "as is" and Ibex Investors expressly disclaims making any express or implied warranties with respect to the fitness of the information contained herein for any particular usage, its merchantability or its application or purpose. Certain economic, market and other information contained on the Site has been obtained from third parties and/or other published sources. Whilst such sources are believed to be reliable, such information has not been independently verified and Ibex Investors assumes no responsibility for the accuracy or completeness of such information. Prior to making any investment or hiring any investment manager you should consult with a professional financial advisor, legal and tax advisor to assist in due diligence as may be appropriate and determining the appropriateness of the risk associated with a particular investment. In no event shall Ibex Investors be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this data. By accessing the password-protected area of this Site, unless otherwise approved by Ibex Investors, you agree not to invest in any posted hedge fund or alternative investment vehicle (other than hedge funds or alternative investment vehicles in which you or your affiliates are already invested, have already been solicited for or are already actively considering an investment in) for thirty (30) days after the approval of your access to the Site. Ibex Investors reserves the right to terminate, at any time, any user's account with Ibex Investors (as well as access to the Site), without giving notice or a reason for such termination to the user. Additionally, by accessing the password-protected area of this Site, you agree to immediately contact Ibex Investors if there is any change in your status as an "accredited investor" under Regulation D promulgated under the Securities Act of 1933, a "qualified client" under Rule 205-3 of the Investment Advisers Act of 1940, or a "qualified purchaser" under Section 2(a)(51) of the Investment Company Act.

Nothing in the Site may be considered as an offer or solicitation to purchase or sell securities or other services. If any provision in this Terms of Use is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect. Users of the Site may view, download and print information and materials on this Site for such users personal and internal business use provided that all hard copies contain all copyright and other applicable notices. All information on the Site is subject to confidential treatment and is made available solely for the users authorized use in connection with your investment activities. No user may reproduce, modify, copy, alter in any way, distribute, sell, resell, transmit, transfer, license, assign or publish any information obtained from this Site. Users shall not use the Site at any time for any purpose that is unlawful or prohibited and shall comply with any applicable local, state, national or international laws or regulations when using the Site. Ibex Investors, and the logos and marks included on the Ibex Investors site that identify Ibex Investors services and products are proprietary materials. The use of such terms and logos and marks without the express written consent of Ibex Investors is strictly prohibited. Copyright in the pages and in the screens of the Site, and in the information and material therein, is proprietary material owned by Ibex Investors unless otherwise indicated. The unauthorized use of any material on the Ibex Investors Site may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws.

If you are an investor domiciled or having a registered office in a member state of the European Economic Area that has implemented the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) in a manner that imposes disclosure, reporting or other obligations on Ibex Investors or its affiliates, you or any other person or entity you represent initiated the discussion, correspondence or other communications with Ibex Investors or its affiliates or agents, which resulted in your requesting access to the Site and the information regarding any investment funds sponsored or managed by Ibex Investors; and none of Ibex Investors or its affiliates or agents at any time directly or indirectly contacted you with respect to the provision of investment services or investment in any investment fund sponsored or managed by Ibex Investors or its affiliates prior to such unsolicited initiation of discussions, correspondence or other communications.

Users hereby consent to the electronic receipt by email or through this Site for communications, including financial reports, periodic statements, Schedule K-1 statements, other statements and regulatory notices, if any, that may be required to be provided to such user by virtue of establishing a relationship with Ibex Investors or one of its affiliates.

The Site may contain forward-looking statements on current expectations and projections about future events. Statements that are predicative in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "thinks," and similar expressions are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. These factors include, among other things, those matters discussed as "Risk Factors," in the Ibex Investors materials, as well as (1) general economic and business conditions; (2) new governmental regulations and changes in, or the failure to comply with existing governmental regulation, (3) legislative proposals that impact the way we do business, (4) competition, and (5) the ability to attract and retain qualified personnel.

Although Ibex Investors believes that these statements are based upon reasonable assumptions, it can give no assurance that its goals will be achieved. Given these uncertainties, users are cautioned not to place undue reliance on these forward-looking statements. Ibex Investors assume no obligation to update or revise any forward-looking statements contained on the Site or provide reasons why actual results may differ.