PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. BY ACCESSING THIS SITE AND ANY PAGES THEREOF, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS BELOW, DO NOT ACCESS THIS SITE, OR ANY PAGES THEREOF.

THE MATERIALS HEREIN ARE INTENDED SOLELY FOR THE RECIPIENT OF THE PASSWORD AND NEITHER THE MATERIALS ON THIS SITE NOR THE PASSWORD MAY BE TRANSMITTED (IN ANY FORM) TO ANY OTHER PERSON WITHOUT AIRLIE GROUP'S CONSENT. THIS PASSWORD-PROTECTED WEB SITE GENERALLY MAY ONLY BE ACCESSED BY EXISTING CLIENTS OF AIRLIE GROUP AND PROSPECTIVE CLIENTS OF AIRLIE GROUP WHO ARE QUALIFIED AS TO BOTH SUITABILITY AND NET WORTH AND WITH WHOM AIRLIE GROUP OR THE FUNDS IT MANAGES HAS A SUBSTANTIVE PREEXISTING RELATIONSHIP. THE INVESTMENT FUNDS AND THE MANAGERS REFERRED TO HEREIN MAY ONLY TRANSACT BUSINESS IN YOUR STATE OR JURISDICTION IF FIRST REGISTERED, EXCLUDED OR EXEMPTED FROM APPLICABLE BROKER-DEALER, INVESTMENT ADVISER, BD AGENT, IA REP, OR OTHER RELEVANT REGISTRATION REQUIREMENTS. FOLLOW-UP, INDIVIDUALIZED RESPONSES TO PERSONS IN YOUR STATE OR JURISDICTION BY SUCH FUNDS OR MANAGERS THAT INVOLVE EITHER THE EFFECTING OR ATTEMPTING TO EFFECT TRANSACTIONS IN SECURITIES, OR THE RENDERING OF PERSONALIZED INVESTMENT ADVICE FOR COMPENSATION, AS THE CASE MAY BE, WILL NOT BE MADE ABSENT COMPLIANCE WITH APPLICABLE BROKER-DEALER, INVESTMENT ADVISER, BD AGENT, IA REP OR OTHER RELEVANT REGISTRATION REQUIREMENTS, OR AN APPLICABLE EXEMPTION OR EXCLUSION.

THE INFORMATION ON THIS WEB SITE IS NOT AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND OR FOR THE PROVISION OF ANY INVESTMENT MANAGEMENT OR ADVISORY SERVICES. ANY SUCH OFFER OR SOLICITATION WILL BE MADE ONLY BY MEANS OF DELIVERY OF A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM RELATING TO A PARTICULAR FUND OR INVESTMENT MANAGEMENT CONTRACT TO QUALIFIED INVESTORS IN THOSE JURISDICTIONS WHERE PERMITTED BY LAW.

1. Copyright.
Copyright © AIRLIE OPPORTUNITY FUNDS. All Rights Reserved. Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement and "look and feel" (collectively, the "Site"), is owned by AIRLIE OPPORTUNITY FUNDS or its affiliates ("AIRLIE GROUP") unless otherwise indicated. AIRLIE GROUP expressly authorizes each authorized user to copy electronically or print in hard copy the documents published on the Site for internal reference purposes or other non-commercial, personal use, but not for any other use.

2. Username and Password.
AIRLIE GROUP makes the Site available only to its clients and other persons expressly authorized by AIRLIE GROUP. The Site contains confidential, nonpublic information and is intended only for the use of the individual or entity that has been specifically authorized to view the information. In consideration of being granted a username and password and permitted access to the Site, the user hereby acknowledges having read and understood these Terms of Use and agrees to be bound hereby. Subsequent use of any username and password issued by AIRLIE GROUP shall be deemed to constitute full acceptance by the user of these Terms of Use. AIRLIE GROUP reserves the right to change the terms, conditions, and notices under which this site is offered. All materials on this site are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosures or hedge clauses apply to any partial document or material in the same manner as they do the whole, and will be deemed incorporated in the portion of any material or document that you consult or download. As a condition to this authorization, the user agrees that any copy which he or she makes of any report or information contained on the Site shall retain all copyright and other proprietary notices contained therein, and that any other use of documents published on the Site without prior written approval from AIRLIE GROUP is strictly prohibited.

3. Passwords and Security.
You are responsible for the confidentiality and use of your password. Your password is an important means of protection for you. You agree to contact us immediately if you believe that an unauthorized person has obtained access to your password.

4. Use of Information and Materials.
The information and materials contained in the Site, and the terms, conditions, and descriptions that appear, are subject to change. Unauthorized use of the Site and AIRLIE GROUP's systems including but not limited to unauthorized entry into AIRLIE GROUP's systems, misuse of passwords, or misuse of any information posted on a site is strictly prohibited. Your eligibility for particular products and services is subject to final determination by AIRLIE GROUP and/or its affiliates. The investment funds described on the Site have not been registered under the federal securities laws of the United States, the securities laws of any state, or the laws of any other jurisdiction. The information and materials contained in the Site do not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. In addition, such information is not intended to provide tax, legal or investment advice. In the event of any discrepancy between information displayed on the Site and information sent in paper or "hard copy" form to any user from time to time, the information contained in the hard copy version shall be deemed to be correct.

5. Links.
THE SITE MAY CONTAIN LINKS TO WEB SITES CONTROLLED OR OFFERED BY THIRD PARTIES (NON-AFFILIATES OF AIRLIE GROUP). AIRLIE GROUP HEREBY DISCLAIMS LIABILITY FOR ANY INFORMATION, MATERIALS, PRODUCTS OR SERVICES POSTED OR OFFERED AT ANY OF THE THIRD PARTY SITES LINKED TO THE SITE. BY CREATING A LINK TO A THIRD PARTY WEB SITE, AIRLIE GROUP DOES NOT ENDORSE OR RECOMMEND ANY PRODUCTS OR SERVICES OFFERED OR INFORMATION CONTAINED AT THAT WEB SITE, NOR IS AIRLIE GROUP LIABLE FOR ANY FAILURE OF PRODUCTS OR SERVICES OFFERED OR ADVERTISED AT THOSE SITES. SUCH THIRD PARTY MAY HAVE A PRIVACY POLICY DIFFERENT FROM THAT OF AIRLIE GROUP AND THE THIRD PARTY WEBSITE MAY PROVIDE LESS SECURITY THAN THE AIRLIE GROUP SITE.

6. No Warranty.
THE INFORMATION AND MATERIALS CONTAINED IN THE SITE, INCLUDING TEXT, GRAPHICS, LINKS OR OTHER ITEMS ARE PROVIDED "AS IS", "AS AVAILABLE". AIRLIE GROUP DOES NOT WARRANT THE ACCURACY, ADEQUACY OR COMPLETENESS OF THIS INFORMATION AND MATERIALS AND EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS IN THIS INFORMATION AND MATERIALS. NO WARRANTY OF ANY KIND, IMPLIED, EXPRESSED OR STATUTORY INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF NON-INFRINGEMENT OF THIRD PARTY RIGHTS, TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND FREEDOM FROM COMPUTER VIRUS, IS GIVEN IN CONJUNCTION WITH THE INFORMATION AND MATERIALS. PLEASE NOTE THAT SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES SO SOME OR ALL OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.

7. Limitation of Liability.
IN NO EVENT WILL AIRLIE GROUP OR ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS BE LIABLE FOR ANY DAMAGES, INCLUDING WITHOUT LIMITATION DIRECT OR INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES ARISING IN CONNECTION WITH THE SITE OR ANY LINKED SITE OR USE THEREOF OR INABILITY TO USE BY ANY PARTY, OR IN CONNECTION WITH ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS OR LINE OR SYSTEM FAILURE, EVEN IF AIRLIE GROUP, OR REPRESENTATIVES THEREOF, ARE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES OR EXPENSES.

8. Third Party Information.
From time to time, information, including news, company reports and other data, prepared by outside parties (non Affiliates of AIRLIE GROUP) may appear on the Site. By accepting these Terms of Use, the user acknowledges that such third party information is for the user's personal use only and that the user will not retransmit or republish it in any form. The user acknowledges that any such third party information is obtained from sources believed to be reliable, is provided solely on a best efforts basis for the user's convenience, and that no representations, warranties or guarantees are made by AIRLIE GROUP or any provider of such third party information as to the accuracy, completeness, timeliness or correct sequencing thereof. Third party information has been prepared as of the date(s) indicated and may become unreliable because of subsequent market or economic circumstances. Neither AIRLIE GROUP nor the provider of such information is under any obligation to update such information or continue to offer such information.

9. Submissions.
All information submitted to AIRLIE GROUP via the Site shall be deemed and remain the property of AIRLIE GROUP and AIRLIE GROUP shall be free to use, for any purpose, any idea, concepts, know-how or techniques contained in information a visitor to the Site provides AIRLIE GROUP through the Site. Nothing contained herein shall be construed as limiting or reducing AIRLIE GROUP's responsibilities and obligations to customers in accordance with the AIRLIE GROUP Privacy Policy.

10. Availability.
The Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

11. Additional Terms.
Certain sections or pages on the Site may contain separate terms and conditions, which are in addition to these terms and conditions. In the event of a conflict, the additional terms and conditions will govern for those sections or pages. Nothing contained herein shall supersede, alter or nullify the terms of any other agreements an investor has made or will make with AIRLIE Opportunity Fund, L.P., AIRLIE Opportunity Fund Cayman, Ltd. or any affiliate thereof.

12. Governing Law; Injunctive Relief.
Use of the Site shall be governed by all applicable Federal laws of the United States of America and the laws of the State of New York without giving effect to the conflict of laws provisions thereof, other than New York General Obligations Law Sections 5-1401 and 5-1402. The user hereby acknowledges and agrees that AIRLIE GROUP may be harmed irreparably by any violation of this Agreement and that AIRLIE GROUP shall be entitled to injunctive relief to enforce this Agreement. The user hereby agrees to waive any requirement for the securing or posting of any bond in connection with such remedy.

13. Acceptance of Terms of Use.
By clicking on the "I Agree" button, the user acknowledges that the user has read these Terms of Use and understands them and agrees to be bound hereby. If the user does not agree to any of the Terms of Use, AIRLIE GROUP is not willing to grant the user access to the Site, and the user should click on the "I Disagree" button to discontinue the registration process. In such case, the user will be unable to access the Site.