Agreement of Terms and Conditions of Use

1. Introduction

Kerberos Capital Management LLC along with its affiliates, affiliated advisers, and service providers (collectively referred to herein as "Kerberos," "we" or "us") provide the information on this website (the "website") as a service to our clients and other visitors to be used for informational purposes only. This agreement of terms and conditions of use (this "agreement") describes the terms and conditions under which Kerberos will permit persons to use the website and the services that we make available on or through it (the "services"), including, without limitation, (1) persons who are authorized to use specified secure areas of the website ("authorized users") and (2) other persons who visit the website but who are not authorized to use such secure areas (authorized users and other visitors are collectively referred to in this agreement as "you"). Please read this agreement carefully and refer to it as often as necessary.

2. Ownership; Limited License to Use Website

Except as specifically permitted below, nothing contained in this agreement or the website itself either grants or will be construed to grant to you or any third party any title or interest in, or any license or right to use or reproduce, any image, text, software, code, trademark, logo, or service mark contained in the website, including without limitation the name or logo of Kerberos. Kerberos reserves, and will enforce to the fullest extent possible, all rights that it may have with respect to copyright and trademark ownership of all material contained in the website.

Kerberos grants you a limited, nonexclusive license to display and otherwise use portions of the website solely for your own private, non-commercial informational purposes only, and to print pages from the website only in connection with that use. You may not modify, distribute, transmit, perform, reproduce, publish, license, create derivative works from, transfer, or sell any text, graphics, logos, and other source-identifying symbols, designs, icons, images, or other information, software, or code obtained from the website.

3. Acceptance of Terms Through Use; Acknowledgments and Disclosures

By accessing and using the website, you signify your agreement to all terms, conditions, disclosures, and notices contained or referenced in this agreement, as well as our privacy policy. If you do not agree to this agreement, you are not permitted to use the website. Not all services are available in all geographic areas. Your eligibility for particular services is subject to determination by and the approval of Kerberos.

Kerberos reserves the right, at its discretion, to update or revise this agreement without notice. Please check this agreement periodically for changes. You acknowledge that the information, materials, products, and services on the website are subject to change. Your continued use of the website following the posting of any changes to this agreement constitutes acceptance of those changes.

4. No Offering of Securities and No Advice

Under no circumstances should any material on the website be used or considered as an offer to sell or a solicitation of an offer to buy any interest in any investment products sponsored or managed by Kerberos. Any such offer or solicitation can and will be made only by means of the confidential offering memorandum or other offering circular of each such investment product, only in jurisdictions in which such an offer would be lawful and only to individuals who meet the investor suitability and sophistication requirements of each such investment product.

The website is not intended to provide any investment, financial, legal, regulatory, accounting, tax, or similar advice, and nothing on this website should be construed as a recommendation, by Kerberos or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction.

5. User Conduct

You agree not to use or attempt to use the website for any unlawful purpose. You agree not to attempt to gain access to any area of the website or any information for which you have not previously received authorization in writing.

6. Privacy

Kerberos and others acting on our behalf may use cookies, pixel tags, web beacons, and/or other similar technologies to collect information about how you interact with our website. We may use the information gathered in this manner to compile data about the usage of our website, to maintain and improve our website, and to facilitate and measure the effectiveness of advertisements and web searches.

7. No Reliance

While Kerberos uses reasonable efforts to update the information contained in the website, Kerberos makes no representations or warranties as to the accuracy, reliability, or completeness of any information on the website. Any content of the website is subject to change without notice.

8. Material to be Consulted in Their Entirety

All materials on the website are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions, disclosures, hedge clauses, and any copyright or proprietary notices, including those contained in this agreement.

9. Third-Party Sites

The website may link you to other sites on the internet. Kerberos does not review or monitor any of the sites that link you to third-party sites. These sites may contain information or material that some people may find inappropriate or offensive.

10. Proprietary Rights

You acknowledge and agree that all content and materials available on the website are protected by copyrights, trademarks, service marks, patents, trade secrets, or other proprietary rights and laws.

11. Disclaimer of Warranties

All materials, information, software, products, and services included in or available through the website are provided "as is" and "as available" for your use. The content is provided without warranties of any kind, either express or implied.

12. Limitation of Liability; Indemnification

Under no circumstances or event shall Kerberos, its subsidiaries, officers, directors, members, principals, investors, clients, representatives, agents, or employees be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from the use of (including reliance on the information or materials accessed through the website), or inability to use, the website.

13. General

This agreement shall be governed by the internal laws of the State of Illinois, without reference to its conflicts of laws provisions. Any dispute arising out of or relating to this agreement or the use of this website shall be brought solely in the federal or state courts located in Cook County, Illinois, U.S.A.

Last updated: March 2025