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TERMS OF USE

PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY AND THE DISCLOSURES ELSEWHERE ON http://www.nwpcapital.com AND ANY PAGES THEREOF (THE "SITE"). BY ACCESSING THIS SITE YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS LISTED BELOW AND DISCLOSURES ON THE SITE. IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS AND DISCLOSURES, DO NOT ACCESS THE SITE, OR ANY PAGES THEREOF.

Northwest Passage Capital Advisors LLC ("Northwest Passage") has created the Site for use only by sophisticated and/or professional institutional investors, including but not limited to, insurance companies, retirement plan sponsors, pension funds, endowments and foundations. The Site is not intended to be visited or accessed by anyone to whom distributing information on the Site would be prohibited under any applicable law or regulation.

Agreement/Services Provided

By using this site, you ("User") understand that these terms and conditions ("Terms and Conditions") between and among User and Northwest Passage govern User’s use of this Site. User agrees to use the Site only in accordance with these Terms and Conditions. Northwest Passage may amend or terminate these Terms and Conditions at any time without notice.

No Offer/Local Restrictions

Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or sell, or recommendation to buy or sell any security, commodity, or investment, or to engage in any other transaction. Northwest Passage offers products and services designed exclusively for institutional investors. Not all products will be available to all investors. These products or services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations.

The information provided on 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 law or regulation. All persons and entities accessing the Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

Site Operation

The Site is operated from offices within the United States of America. Northwest Passage does not represent that the information on the Site is appropriate or available for use in other locations. Access from certain locations may be strictly prohibited. The laws of the State of Wisconsin will govern any claims relating to the information contained on this Site unless otherwise noted herein or required by applicable law.

No Reliance

Northwest Passage and its affiliates do not assume any liability or guarantee for the timeliness, accuracy and completeness of the information provided. Northwest Passage uses reasonable efforts to obtain information from sources which it believes to be reliable; however, Northwest Passage makes no representation that the information or opinions contained on the Site are accurate, reliable or complete. The information on the Site is provided for informational purposes only and is subject to change without notice. The investments and strategies discussed in the contents may not be suitable for all investors and are not obligations of Northwest Passage or guaranteed by Northwest Passage. The investments are not bank deposits and are not insured by the FDIC or any other entity and are subject to investment risks, including the loss of the principal amount invested. Nothing contained on the Site constitutes investment, legal, tax or other advice by Northwest Passage nor is to be relied on in making an investment or other decision. User should obtain relevant and specific professional advice before making any investment decision. Northwest Passage makes no representations as to the reliability or accuracy of the information, opinions or suggestions provided to investors by third parties, including agents/advisors, and assumes no liability with respect to the same.

No Warranty

THE INFORMATION ON THE SITE IS PROVIDED "AS IS". NEITHER NORTHWEST PASSAGE NOR ITS AFFILIATES WARRANT THE ACCURACY OF THE INFORMATION, DATA OR MATERIALS PROVIDED HEREIN, EITHER EXPRESSLY OR IMPLIEDLY, FOR ANY PARTICULAR PURPOSE AND EACH EXPRESSLY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

Limitations of Liability

In no event, including negligence, will Northwest Passage or its affiliates be liable for any loss or damage of any kind, including any direct, special indirect or consequential damages arising out of or in connection with the access to, use of, performance of, browsing in or linking to other sites from the Site.

Copyright Statement

All information and material contained on the Site is provided by Northwest Passage and is subject to United States and international intellectual property laws.

If you believe in good faith that information or materials on this Site infringe your copyright, please contact Northwest Passage. Contact information may be obtained by clicking the "Contact" link at the top of the webpage.

Northwest Passage reserves the right to change content without notice. No part of the Site may be reproduced or transmitted in any form or by any means (other than for your own assessment of the products and services offered by Northwest Passage), electronic or mechanical, including photocopying or recording, or by any information storage or retrieval system, without the express written permission of Northwest Passage.

Trademarks

All trademarks, service marks, and logos appearing on this Site are the exclusive property of their respective owners.

All Northwest Passage graphics, logos, page headers, and service names are trademarks, service marks, or trade dress of Northwest Passage. Northwest Passage’s trademarks, service marks and trade dress may not be used in connection with any product or service that is not Northwest Passage’s, in any manner that is likely to cause confusion among customers or investors, or in any manner that disparages or discredits Northwest Passage. Nothing contained on this Site should be construed as granting any license or right in or to any trademarks, service marks, or trade dress of Northwest Passage.

Linked Internet Sites

Northwest Passage may from time to time provide hypertext or other links to sites that may be of interest to Users. Northwest Passage does not endorse, sponsor or promote any products or services offered by such sites and has not passed on the merits of any information contained on such sites. Northwest Passage assumes no responsibility whatsoever for any material outside its own Site. Northwest Passage is not responsible for the privacy practices of third party websites.

Indemnification

User agrees to defend and make Northwest Passage and its subsidiaries and affiliates whole for any and all claims, losses, liabilities, and expenses (including attorneys’ fees) arising from User’s use of the Site or any violation of these Terms and Conditions unless prohibited by law.

Privacy

When using the Site, Northwest Passage does not monitor or collect any personally identifiable information from User. Northwest Passage may, however, track the number of Users who visit the public areas of the Site. Northwest Passage also may record the location of User’s computer on the Internet for systems, administrative and troubleshooting purposes and to report aggregate information. Northwest Passage uses various technical means, including "cookies", to collect and store information about User’s Internet connection when User visits the Site. Cookies are data elements that the Site sends to User’s browser. Northwest Passage uses cookies to measure the number of visitors to different parts of the Site. This information helps Northwest Passage to improve the Site and make it more useful to the Site’s visitors. If User would prefer not to accept cookies from the Site, User may set User’s browser accordingly. If User choose to disable cookies in User’s browser, User can still access most of the Site. Northwest Passage may use other methods now or in the future to accomplish the goals of collecting technical and navigation information about the Site.