Terms and Conditions

The terms of this Terms and Conditions statement (“Terms and Conditions”) apply to this web site www.capdyn.com of Capital Dynamics AG, with its principal place of business located at Bahnhofstrasse 22, CH – 6301 Zug, Switzerland (“Capital Dynamics”). Please read these Terms and Conditions carefully.

This website is published, operated and maintained by Capital Dynamics. By accessing this web site and or using the information provided on or via this web site you agree to be bound by these Terms and Conditions. The information provided on or via this web site should not be used as a substitute for any form of advice. Although Capital Dynamics attempts to provide accurate, complete and up-to-date information, Capital Dynamics makes no warranties or representations, express or implied, as to whether information provide on or via this web site is accurate, complete or up-to-date. Private equity investments are inherently risky and are generally suitable only for sophisticated institutional investors. In private equity, the shares are not quoted or dealt in on any stock exchange and can therefore be more illiquid. Sufficient information for determining their value, or the attached risks, may not be available. Decisions to invest in private equity are best made based on the advice of qualified financial professionals and as with any trading in securities or other investments, involve a risk of substantial losses. Unless otherwise indicated, any information contained in this web site shall not be considered an offer to sell or a solicitation to acquire or dispose of an interest in any financial instrument.

Capital Dynamics has a New York based subsidiary, Capital Dynamics Inc., which is a member firm of the NASD and SIPC. This web site is not in any way published, operated or maintained by Capital Dynamics Inc. This web site should not be viewed as a solicitation of services by Capital Dynamics Inc. Services to U.S. residents are only offered and provided by Capital Dynamics Inc.

This web site and its Terms and Conditions shall be governed by and construed in accordance with the laws of Switzerland. All disputes arising out of or in connection with these Terms and Conditions shall be submitted to the exclusive jurisdiction of the courts of Switzerland.

Capital Dynamics reserves the right to change the information provided on or via this web site, including the terms of these Terms and Conditions, at any time and without notice. It is recommended that you review the information provided on or via this web site, including the terms of these Terms and Conditions periodically for changes.

FOR RESIDENTS OF THE UNITED KINGDOM ONLY

To the extent that this website does constitute an inducement to engage in any investment activity included within this website, it is directed only at (i) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) of the United Kingdom (the "Financial Promotion Order"); or (ii) persons who fall within Articles 49(2)(a) to (d) ("high net worth companies, unincorporated associations") of the Financial Promotion Order; or (iii) any other persons to whom this website for the purposes of Section 21 of FSMA can otherwise lawfully be addressed (all such persons together being referred to as "relevant persons"), and must not be acted on or relied upon by persons other than relevant persons. Any invitation or inducement to engage in any investment activity included within this website is available only to relevant persons and will be engaged in only with relevant persons. Anyone other than a relevant person must not rely on this website.