TERMS OF USE

Please read this page carefully before using this Site and the materials accessible through this Site. By using this Site, you are agreeing to be legally bound by the following terms. We reserve the right to amend these terms. Your continued use of this Site constitutes your agreement to such changes.

LIMITED LICENSE

Moelis Asset Management LP, and all its related entities, ("Moelis Asset Management" or the "Firm") provides this website, www.moelisassetmanagement.com (together with its contents and all sub-websites, the "Site") for your informational purposes only.

Subject to these terms, Moelis Asset Management grants you a non-exclusive, non-transferable, limited right to display this Site and download the material displayed on this site (the "Materials") solely to view general information regarding Moelis Asset Management's businesses and, if you are a limited partner in any of Moelis Asset Management's investment funds, to access certain information regarding your interest in that fund.

You agree to treat the information you obtain from the Site that requires a password or similar identification procedure as confidential. This does not include the right to reproduce, modify, make collections or compilations of, distribute, or publicly display the Site or the Materials. You must not transfer the Materials to any other person or entity. You must retain, on all copies of the Materials downloaded, all copyright and other proprietary notices contained in the Materials. You agree to abide by all additional restrictions displayed on the Site from time to time. Any unauthorised use of the Site, misuse of passwords and or any other information listed on the Site is prohibited. Except as expressly provided herein, Moelis Asset Management does not grant you any express or implied license or permission under any patents, trademarks, copyrights or trade secret information.

You agree to access the Materials and this Site manually, by request, and not automatically, through the use of a "bot" or similar program, or by other means. You agree not to take any action, alone or with others, that would interfere with the operation of this Site, to alter this Site in any way, or to impede others' access to and freedom to enjoy and use this Site as made available by Moelis Asset Management.

REGULATION

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NON SOLICITATION OR RECOMMENDATION

The contents of this Site are prepared by Moelis Asset Management for general information purposes only and should not be construed as an offer or solicitation or advice or recommendation for purchase or sale of any of the schemes or products made available through the Site. Nothing contained on this Site shall be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument.

Moelis Asset Management has not considered the investment objectives, financial situation or particular needs of the user. It is the responsibility of the user to evaluate all such matters.

OWNERSHIP AND TRADEMARK

This authorization is not a transfer of title in the Site, or the Materials or copyrights therein. All content included on this Site, such as graphics, logos, articles and other materials, is the property of Moelis Asset Management or others and is protected by copyright and other laws. All trademarks and logos displayed on this Site are the property of their respective owners, who may or may not be affiliated with our organization.

NO WARRANTY OR RELIANCE

THE MATERIALS MAY CONTAIN INACCURACIES AND ERRORS. MOELIS ASSET MANAGEMENT DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE MATERIALS OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THIS SITE. MOELIS ASSET MANAGEMENT DISCLAIMS ANY DUTY TO UPDATE THIS SITE.

THIS SITE, THE INFORMATION AND MATERIALS ON THIS SITE, AND, TO THE EXTENT APPLICABLE, ANY SOFTWARE MADE AVAILABLE ON THIS SITE, ARE PROVIDED "AS IS" WITHOUT ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT, OR FITNESS FOR ANY PARTICULAR PURPOSE. SOME JURISDICTIONS DO NOT ALLOW FOR THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.

This Site, and access to the Site, may not be available at all times and may be impeded by a range of factors including technology failures or lack of capacity. You are responsible for obtaining and maintaining your own information and communications technology in order to access the Site.

Nothing contained on this Site constitutes financial, legal, tax or other advice, nor is any information or material on this Site to be deemed a recommendation to buy or sell any securities or is to be relied upon for the purpose of making or communicating investment or other decisions. Any transactions listed on this Site are included only as representative transactions.

FORWARD LOOKING STATEMENTS

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. Certain of the information contained herein may be based upon forward-looking statements. Forward-looking statements are inherently uncertain and factors affecting the markets in general or industries or issuers in particular may cause events or results to vary from those described herein. Accordingly, you should not rely on or draw conclusions from forward looking statements.

THIRD-PARTY SITES

As a convenience to you, Moelis Asset Management may provide, on this Site, links to websites operated by other persons or entities. If you use these sites, you will leave this site. Moelis Asset Management makes no warranty or representation regarding, and does not endorse, any linked websites or the information appearing thereon or any of the opinions, ideas, products or services described thereon. Links do not imply that any linked website is authorized to use any of Moelis Asset Management's trademarks, trade names, logos or copyright symbols. In addition, these websites may be governed by a different privacy policy or security practices from this Site so it is important that you read the policies of those sites before sharing your personal information. Users shall comply with request(s) of Moelis Asset Management or any of the third party providers to protect their respective rights in the information and services available on the Site.

EXTERNAL LINKS TO THIS SITE

Moelis Asset Management shall have no liability for third party content or websites linking to or framing this Site. All links to this Site must be approved in writing by Moelis Asset Management, except that Moelis Asset Management consents to links in which: (i) the link is a text-only link containing only the name "Moelis Asset Management"; (ii) the link "points" only to www.moelisassetmanagement.com and not to deeper pages; (iii) when activated by a user, the link displays that page full-screen in a fully operable and navigable browser window and not within a "frame" on the linked website; and (iv) the appearance, position, and other aspects of the link neither creates the false appearance that an entity or its activities or products are associated with or sponsored by Moelis Asset Management nor damages or dilutes the goodwill associated with Moelis Asset Management's name or trademarks. Moelis Asset Management reserves the right to revoke this consent to link at any time.

INFORMATION PROVIDED BY YOU

Do not send any confidential or proprietary information to Moelis Asset Management via the Site. No information or materials that you provide to Moelis Asset Management via this Site will be considered or treated as confidential or proprietary. By providing any such information or materials to Moelis Asset Management, you grant to Moelis Asset Management an unrestricted, irrevocable, worldwide, royalty-free, non-exclusive license to use, reproduce, modify, publicly display, publicly perform, transmit and distribute such information and materials, and you further agree that Moelis Asset Management is free to use any ideas, concepts or know-how that you or individuals acting on your behalf provide to Moelis Asset Management. You agree not to use the Site to distribute, email or post any advertising, promotion or solicitation without our prior approval. You agree not to use the Site to upload, display or distribute any materials that are defamatory, threatening, obscene, harassing, or otherwise unlawful, or that incorporate the copyrighted, confidential or proprietary material of any other person or entity.

LIMITATIONS OF DAMAGES

NONE OF MOELIS ASSET MANAGEMENT OR ANY OF ITS DIRECTORS, PARTNERS, MEMBERS, EMPLOYEES, AGENTS, AFFILIATES OR SUBSIDIARIES ARE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL LOSS, LIABILITY, COST, CLAIM, EXPENSE OR DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION OR PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM) WHETHER IN CONTRACT OR IN TORT, (INCLUDING NEGLIGENCE) THAT ARE RELATED TO THE ACCURACY, INACCURACY, USE OF, OR THE INABILITY TO USE, THE CONTENT, MATERIALS AND FUNCTIONS, OR IN CONNECTION WITH ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS OR LINE OR SYSTEM FAILURE, OF THIS SITE OR ANY LINKED WEBSITE, EVEN IF MOELIS ASSET MANAGEMENT IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

NO WARRANTIES FOR CONTENT

The user acknowledges and agrees that information provided through the Site is provided on an "as is" and "as available" basis. Moelis Asset Management disclaims, to the fullest extent of the law, all implied or express warranties, including but not limited to, implied warranties of merchantability and fitness for a particular purpose, nor does it guarantee the timeliness, reliability, quality, completeness, or usefulness or continued availability of any of the contents available on the Site. Subject to compliance with requirements of applicable laws, neither Moelis Asset Management nor any of its third party service providers shall have any responsibility to update or maintain the data and services made available on this site or to supply any corrections, updates, or releases in connection therewith. The material available on this Site is based upon information that Moelis Asset Management considers reliable and endeavours to keep current. The information contained on this Site has been obtained from various sources and may not have been updated since the original date of posting on the Site and may not reflect the current views of Moelis Asset Management. Neither Moelis Asset Management nor any of its partners, employees, agents, advisors or any expert used by it for providing the content for this Site or any information made available on the Site shall in any circumstance be liable for any loss or damage caused by a user's reliance on such information. Moelis Asset Management may discontinue or alter any of the services / products / facilities offered through the Site, without providing any prior notification to the user.

CHANGES

Moelis Asset Management reserves the right, at its sole discretion, to grant or revoke authority to use this Site or to change, add, suspend or remove the information, products or services described in the Site or the Materials at any time without prior notice to you and without any liability to you.

Moelis Asset Management may also impose limits on certain features and services or restrict your access to parts or all of this Site without notice or liability. Moelis Asset Management may terminate the authorization, rights and license given above and, upon such termination, you shall immediately cease using and destroy all Materials.

INTERNATIONAL USERS AND CHOICE OF LAW

This Site is not intended for use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Moelis Asset Management or its affiliates to any registration requirement within such jurisdiction.

Moelis Asset Management makes no representation that the information available on this Site is appropriate or available for use in any jurisdiction. Prior to accessing the Site, users are required to ensure themselves whether the information available on this Site can be accessed and utilized in their respective jurisdictions and observe any relevant restrictions thereto. The user shall be solely responsible for compliance with all applicable laws and shall satisfy that they are not subject to any regulatory requirements which restrict or prohibit them from accessing or using the site.

The products, services or facilities have not been registered under any securities law of any foreign jurisdiction and are only for the information of any person in any jurisdiction where it may be lawful to offer such products, services and facilities. Moelis Asset Management will not undertake any requisite registration within any prohibited jurisdiction.

This Site is governed by the laws of the State of New York, without giving effect to its conflict of laws provisions. This page constitutes the entire agreement between Moelis Asset Management and you with respect to your use of this Site. Any cause of action you may have with respect to your use of this Site must be commenced within one (1) year after the claim or cause of action arises. If for any reason a court of competent jurisdiction finds any provision of this page or portion thereof, to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to affect the intent of the provision, and the remainder of this page shall continue in full force and effect.

ANTI-CORRUPTION

Moelis Asset Management is committed to providing the highest quality services to its clients. To achieve this, anyone working for or on behalf of the Firm (including staff members, vendors, agents, suppliers or service providers) is expected to maintain the highest ethical standards, to conduct themselves with integrity and in a manner that excludes consideration of personal advantage and the interests of other clients. We do not tolerate bribery or corruption in any form.

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