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These Terms of Use were last updated on Jan 2012.

Thank you for your interest in Trusted Insight, Inc.'s and its affiliates' (collectively, the "Company's") web site and services (the "Web Site"). Our Web Site provides a platform for discussion and review of private market funds and secondaries. The Web Site is available to registered users only. All users of the Web Site are subject to the following terms and conditions of use (the "Terms of Use"). Please read these Terms of Use carefully before accessing or using any part of this Web Site. By accessing or using this Web Site, you agree that you have read, understand and agree to be bound by these Terms of Use, as amended from time to time, and agree to be bound by the Company's, which is hereby incorporated entirely into these Terms of Use. If you do not wish to agree to these Terms of Use, do not access or use any part of this Web Site. The Company may revise and update these Terms of Use as set forth below.

A. USERS AND ACCOUNT HOLDERS

"User(s)" refer to any individuals who have access to the Web Site including all Account Holders. "Account Holders," whether on behalf of an entity or otherwise, refer to Users, who have been approved and granted an account by the Company as detailed in Section C of these Terms of Use. "You" means all Users, including all Account Holders, unless otherwise specified.

B. USE OF THE WEB SITE

As a User, you agree to use the Web Site only for lawful purposes and subject to these Terms of Use.

Specifically, this site is intended only for accredited investors and qualified purchasers and by accepting attendance you attest that you are or represent an "accredited investor", as defined under Rule 501 of Regulation D of the Securities Act of 1933, and/or "qualified purchaser", as defined in Section 2 of the Investment Company Act of 1940.

Specifically, you agree not to do any of the following: (a) upload to or transmit on the Web Site any defamatory, indecent, obscene, harassing, violent or otherwise objectionable material, or any material that is, or may be, protected by copyright, without permission from the copyright owner; (b) use the Web Site to violate the legal rights (including the rights of publicity and privacy) of others or to violate the laws of any jurisdiction; (c) intercept or attempt to intercept electronic mail not intended for you; (d) misrepresent an affiliation with any person or organization; (e) upload to or transmit on the Web Site any advertisements or solicitations of business; (f) restrict or inhibit use of the Web Site by other authorized Users; (g) upload or otherwise transmit files that contain a virus or corrupted data; (h) collect information about others (including e-mail addresses) without their consent; (i) download a file or software or include in a message any software, files or links that you know, or have reason to believe, cannot be distributed legally over the Web Site or that you have a contractual obligation to keep confidential (notwithstanding its availability on the Web Site); (j) post "spam," transmit chain letters or engage in other similar activities; or (k) engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Web Site, or which, as determined by the Company, may harm the Company or Users of the Web Site or expose them to liability.

Any content and/or opinions uploaded, expressed or submitted to a message board, blog, chatroom or any other publicly available section of the Web Site (including password-protected areas), and all responses to questions, other than the content provided by the Company, are solely the opinions and responsibility of the person or entity submitting them and do not necessarily reflect the opinions of the Company. You understand and acknowledge that you are responsible for whatever content you submit, and you, not the Company, have full responsibility for such content, including its legality, reliability and appropriateness. Under no circumstances may you submit information that you know, or have reason to believe, is false or intentionally misleading. By uploading or otherwise transmitting material to any area of the Web Site, you warrant that the material is your own or is in the public domain or otherwise free of proprietary or other restrictions and that you have the right to post it to the Web Site. You grant to the Company the perpetual, irrevocable, transferable, worldwide, royalty-free right and license to use all content you upload or otherwise transmit to the Web Site in any manner the Company chooses on the Web Site, on any other site or in any other media, including, but not limited, to copying, displaying, performing, sublicensing or publishing it in any format whatsoever, modifying it, incorporating it into other material or making a derivative work based on it.

The Company reserves the right, but does not assume any responsibility, to (a) remove any material posted on the Web Site which the Company, in its sole discretion, deems inconsistent with the foregoing commitments, including any material the Company has been notified, or has reason to believe, constitutes a copyright infringement; and (b) terminate any User's access to all or part of the Web Site at any time and without notice. However, the Company can neither review all material before it is posted on the Web Site nor ensure prompt removal of objectionable material after it has been posted. Accordingly, the Company assumes no liability for any action or inaction regarding transmissions, communications or content provided by third parties. The Company reserves the right to take any action it deems necessary to protect the personal safety of the Users and the public; however, the Company has no liability or responsibility to anyone for performance or nonperformance of the activities described in this paragraph.

Your failure to comply with the restrictions on use of the Web Site or any other terms herein may result in the termination of your use of and/or access to the Web Site and may expose you to civil and/or criminal liability.

C. ADDITIONAL TERMS APPLICABLE TO ALL ACCOUNT HOLDERS

Investor Account Holders

In order to qualify to be an "Investor Account Holder," you must submit all information required during the registration process for review by the Company and adhere to the Company’s qualifying standards, by providing references. The Company may add, modify or apply such qualifying standards at any time in its sole discretion.

During the application and registration process, you agree that all information submitted is true, current and your own. IT IS YOUR DUTY TO PROVIDE ACCURATE INFORMATION REGARDING YOUR FINANCIAL CREDENTIALS AND TO MAKE UPDATES TO YOUR ACCOUNT ACCORDINGLY. FAILURE TO DO SO MAY RESULT IN REVOCATION OF YOUR ACCOUNT PRIVILEGES.

Manager Account Holders

Manager Accounts are currently available to any Users of the Web Site. During the application and registration process, you are responsible for all information submitted by you. “In order to qualify to be a “ManagerAccount Holder” you must submit all information required during the registration process for review by the Company. During the application and registration process, you agree that all information submitted is true, current and your own.”

General

THE COMPANY IN ITS SOLE DISCRETION WILL DETERMINE WHO MAY QUALIFY FOR AN ACCOUNT AND RESERVES THE RIGHT TO REJECT OR REVOKE ANY ACCOUNT AT ANY TIME WITHOUT NOTICE AND IS NOT LIABLE FOR ANY LOSS AS A RESULT OF THE REJECTION OR REVOCATION.

You understand that all content posted by you to publicly available portions of the Web Site are nonconfidential for all purposes.

The Company reserves the right to make available services that permit other Users to contact Account Holders without disclosing your contact information (e.g., through an automated service that sends messages to the e-mail address associated with your account). If you elect to respond to any correspondence from Users received through such services, or if you otherwise make your contact information available to Users, you do so at your own discretion and the Company has no responsibility in connection therewith.

You are responsible for maintaining the confidentiality of your password and for any use of your password to gain access to your Account and your Account information. If you disclose your password to any other person, it is at your own risk. You do not own the Account you use to access the Web Site, and you do not own any data the Company stores on its servers with respect to the Account.

E. TRADEMARKS

The Company name, logo, trademark and service mark "TRUSTED INSIGHT" and all related names, logos, product and service names, designs and slogans are trademarks of the Company and/or its affiliates. You may not use such marks without the prior written permission of the Company. All other names, brands and marks are used for identification purposes only and may be the trademarks or registered trademarks of their respective owners.

F. COMMENTS AND SUGGESTIONS

The Company welcomes your comments and suggestions. The Company has the right, but not the obligation, to use your comments and suggestions in connection with its business. For avoidance of doubt, the Company shall own any developments by the Company or on its behalf arising out of your comments, suggestions or other submissions. To the extent the Company does not own such materials, you grant and agree to grant the Company a non-exclusive, perpetual, irrevocable, worldwide, royalty-free, transferable right and license to utilize, create derivative works of, distribute and sublicense such materials for any purpose in connection with the Company's, its affiliates' and their partners' web sites, products and services. You have no expectation of any review, compensation or consideration of any type for all comments or suggestions hereunder.

G. SOLICITATION; SECURITIES DISCLAIMERS

The fund ratings and comments shown on this website are a compilation of responses from users of the site. The publisher of the site makes no representation as to the accuracy of any information shown. The publisher makes no recommendations, positive or negative, relating to any fund shown on the site. Users of the site should understand that the ratings are provided by third parties who may have an incentive to overrate or underrate any particular fund, and users should take that fact into consideration before relying on any ratings or comments found on the site.

The Company is not a Broker/Dealer or registered investment advisor under United States federal securities law or securities laws of other jurisdictions, and does not advise individuals as to the advisability of investing in, purchasing or selling securities or other financial products or suitability of any investment manager. Nothing in the Web Site constitutes an offer or solicitation to buy or sell any securities. The Content on this Web Site has been prepared for informational purposes only and do not constitute legal, financial, accounting, investment, tax or other professional advice, and you should consult with a financial advisor and legal and tax professionals to assist in conducting due diligence as may be appropriate prior to making any investment decision or hiring any investment manager. The Company shall not have any liability for any reliance on, interpretation or analysis of, or investment decisions, action or inaction based upon information obtained from the Content provided on the Web Site.

Investments in funds are speculative and involve a high degree of risk. You could lose all or a substantial amount of your investment. You should do your own research and carefully read a fund's offering materials and related information for specific risk and other important information regarding an investment in that fund before investing. The Web Site does not list, and does not purport to list, the risk factors associated with an investment in any of the funds listed on the Web Site. If you are an investor and prior to making any investment decision or hiring any investment manager, you should consult with a professional financial, legal, and tax advisor to assist in due diligence to determine the appropriateness of the risk associated with a particular investment. In no event shall the Company be responsible or liable for any damage or lost opportunities, or lost profits or revenues resulting from use of the Web Site, including its services and Content. You acknowledge and agree that funds: (i) often engage in leveraging and other speculative investment practices that may increase the risk of investment loss; (ii) can be highly illiquid; (iii) are not required to provide periodic pricing or valuation information to investors; (iv) may involve complex tax structures and delays in distributing important tax information; (v) are not subject to the same regulatory requirements as mutual funds; and (vi) often charge high fees.

The Web Site’s posting of, or any content related to a fund, service provider or Account Holder does not imply sponsorship, endorsement, or approval of such by the Company. The Company does not perform and has not performed any prior or ongoing due diligence, analysis, or conducted any other investigation of any Account Holders, funds or service providers. The Company makes no guarantee whatsoever that any Content appearing on the Web Site, and representations made by or about Account Holders, the funds and service providers that appear on the Web Site, are accurate, complete, reliable, adequate or current.

H. LIABILITY OF THE COMPANY AND ITS LICENSORS

The Company does not assume any liability for the materials, information and opinions provided on, or available through, the Web Site. Reliance on the content provided on the Web Site Content is solely at your own risk. The Company disclaims any liability for injury or damages resulting from the use of any Content provided.

THE WEB SITE, CONTENT AND LINKS TO THIRD PARTY PRODUCTS AND SERVICES AVAILABLE THROUGH THIS WEB SITE ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITH ALL FAULTS. NEITHER THE COMPANY NOR ANY PERSON ASSOCIATED WITH THE COMPANY MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE QUALITY, ACCURACY, OR AVAILABILITY OF THE WEB SITE OR THE CONTENT. SPECIFICALLY, BUT WITHOUT LIMITING THE FOREGOING, NEITHER THE COMPANY NOR ANYONE ASSOCIATED WITH THE COMPANY WARRANTS OR REPRESENTS THAT THE WEB SITE, THE CONTENT OR THE LINKS TO THIRD PARTY PRODUCTS OR SERVICES PROVIDED ON OR THROUGH THIS WEB SITE WILL BE ACCURATE, RELIABLE, ERROR-FREE OR UNINTERRUPTED; THAT DEFECTS WILL BE CORRECTED; THAT THE WEB SITE OR THE SERVER THAT MAKES IT AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; OR THAT THE WEB SITE WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS. THE COMPANY DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NONINFRINGEMENT.

IN NO EVENT WILL THE COMPANY OR ITS LICENSORS OR CONTRACTORS BE LIABLE FOR ANY DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF, OR INABILITY TO USE, THE WEB SITE, CONTENT, ANY THIRD PARTY PRODUCTS OR SERVICES PROVIDED ON OR THROUGH THIS WEB SITE OR ANY LINKED SITE, INCLUDING ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING, BUT NOT LIMITED TO, PERSONAL INJURY, LOST PROFITS OR DAMAGES RESULTING FROM DELAY, INTERRUPTION IN SERVICE, VIRUSES, DELETION OF FILES OR ELECTRONIC COMMUNICATIONS, OR ERRORS, OMISSIONS OR OTHER INACCURACIES IN THE WEB SITE OR THE CONTENT OR SERVICES, WHETHER OR NOT THERE IS NEGLIGENCE BY THE COMPANY AND WHETHER OR NOT THE COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF ANY SUCH DAMAGES.

I. INDEMNIFICATION

You agree to indemnify and hold harmless the Company and its shareholders, equity owners, officers, directors, employees, agents, affiliates, third party information providers, licensors, contractors and others involved in the Web Site or the delivery of products, services or information over the Web Site, from and against any and all liabilities, expenses, damages and costs, including reasonable attorney's fees, arising from any violation by you of these Terms of Use or your use of the Web Site or any products, services or information obtained from this Web Site.

J. PRIVACY; PROTECTION OF PERSONAL INFORMATION

You agree to indemnify and hold harmless the Company and its shareholders, equity owners, officers, directors, employees, agents, affiliates, third party information providers, licensors, contractors and others involved in the Web Site or the delivery of products, services or information over the Web Site, from and against any and all liabilities, expenses, damages and costs, including reasonable attorney's fees, arising from any violation by you of these Terms of Use or your use of the Web Site or any products, services or information obtained from this Web Site.

K. ACCESS AND INTERFERENCE

Subject to the section ADDITIONAL TERMS APPLICABLE TO ALL ACCOUNT HOLDERS above, the Company's use of your personal information and your responsibilities in connection with protecting your privacy are described in the Company's, which is incorporated entirely by reference into these Terms of Use.

L. COMPLIANCE

The Company is based in the State of New Jersey, USA. The Company makes no representation that materials in this Web Site are appropriate or available for use in other locations. If you access this Web Site from other locations, you are responsible for complying with local laws.

M. THIRD PARTY WEB SITES AND TRANSACTIONS

The Web Site may contain links to other web sites on the Internet. The Company is not responsible for and does not endorse the content, products, services or practices of any third party web sites, including, without limitation, sites framed within the Company's Web Site or third party advertisements, and does not make any representations regarding their quality, content or accuracy. Your use of third party web sites is at your own risk and subject to the terms and conditions of use for such web sites.

By electing to access products or services that are made available by distributor or other third party web sites that are linked from the Web Site, you will be sent via a link to the web site of the distributor, merchant, advertiser, or other information or service provider ("Merchant") that is offering such product or service. The Company is not a party to any transaction between you and any Merchant or any other party, and is not responsible for any products or services you may elect to purchase, download or use. All transactions regarding goods or services offered by Merchants, including, but not limited to, the purchase and payment terms for such goods or services, warranties, guarantees, maintenance and delivery, are solely between you and the Merchant and are governed by the terms of the agreement between you and the Merchant. The Company is not a party to any transactions between you and a Merchant, and is not liable for any direct or indirect costs or damages arising out of any dispute between you and a Merchant. NEITHER THE COMPANY NOR ANY THIRD PARTY PROVIDER, OTHER THAN THE MERCHANT OFFERING SUCH GOODS OR SERVICES, MAKES ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES REGARDING THE GOODS OR SERVICES OFFERED BY SUCH MERCHANT, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT OR COMPATIBILITY.

N. CONTACT

You may contact us at contact@thetrustedinsight.com if you become aware of any content, materials or postings that may infringe the copyright of a third party or that you believe to be in violation of these Terms of Use.

O. NOTICE AND PROCEDURE FOR MAKING CLAIMS OF COPYRIGHT OR INTELLECTUAL PROPERTY INFRINGEMENT

The Company respects the intellectual property of others, and we ask our Users and Account Holders to do the same. The Company may, in appropriate circumstances and at its discretion, disable and/or terminate the accounts of Account Holders, and, if applicable, Users who may be repeat infringers. If you believe that your work has been copied in a way that constitutes copyright infringement, or your intellectual property rights have been otherwise violated, please provide the Company's Copyright Agent with the following information:

- An electronic or physical signature of the person authorized to act on behalf of the owner of the copyright or other intellectual property interest;

- A description of the copyrighted work or other intellectual property that you claim has been infringed;

- A description of where the material that you claim is infringing is located on the Web Site; your address, telephone number, and email address;

- A statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; and

- A statement by you, made under penalty of perjury, that the above information in your notice is accurate and that you are the copyright or intellectual property owner or authorized to act on the copyright or intellectual property owner's behalf.

The Company reserves the right to post your notification on the Web Site and/or to third party clearinghouse sites with individually personally identifiable information removed. Please note that if you materially misrepresent that that an activity is infringing your rights, you will be liable for damages (including costs and attorneys' fees).

The Company's designated Agent for notice of claims of copyright or other intellectual property infringement is as follows: contact@thetrustedinsight.com

P. CHANGES TO THESE TERMS OF USE

The Company may revise and update these Terms of Use, as well as the Privacy Policy, without notice and in the Company’s sole discretion by posting the amended terms and policy to this Web Site. Your continued use of the Web Site after the date on which the revised terms are posted means that you accept and agree to the revised Terms of Use. If you disagree with the Terms of Use (as amended from time to time) or are dissatisfied with this Web Site, your sole and exclusive remedy is to discontinue using the Web Site. Notwithstanding the foregoing, the modified terms will not apply retroactively to disputes that arose before the date the modifications were posted except as otherwise permitted by law.

Q. MISCELLANEOUS

These Terms of Use shall be governed in all respects by and construed in accordance with the laws of the State of New Jersey USA, without regard to its conflicts of law principles, and exclusive jurisdiction over any cause of action arising out of these Terms of Use or your use of the Web Site shall be in the state or federal courts located in or near the State of New Jersey. You agree to submit to the jurisdiction of such courts.

These Terms of Use, as they may be amended from time to time, completely and exclusively state the agreement between you and the Company with respect to the Web Site, and no other terms that may have been communicated to you orally or in any other manner shall have any force or effect. Any cause of action you may have with respect to the Web Site must be commenced within one (1) year after the claim or cause of action arises or such claim or cause of action is barred.

If any part of these Terms of Use is unenforceable, the unenforceable part shall be construed to reflect, as nearly as possible, the original intentions of the parties. The other provisions of these Terms of Use shall remain in full force and effect.

The Company's failure to insist upon or enforce strict performance of any provision of these Terms of Use shall not constitute a waiver of the provision. Neither a course of dealing or conduct between you and the Company nor any trade practices shall be deemed to modify these Terms of Use.

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