Disclosures

Informational Purposes

This Website contains general information about Trace Capital Management LP (“Trace”) and its portfolio. This Website does not constitute an offer to sell or a solicitation of an offer to buy any security, including, without limitation, any interest in any investment vehicle managed by Trace or any company in which Trace, any private fund managed by Trace (“Trace Fund”), or any of their respective affiliates, have invested. This Website is not intended for prospective investors in any Trace Fund and does not provide information material to an investor’s decision to invest in any Trace Fund. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Nothing on this Website is intended to be, and you should not consider anything on the Website to be, investment, accounting, tax or legal advice, nor does any information on this Website constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Although this Website may include investment-related information, nothing on this Website is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy.

Forward Looking Statements

The Website may contain various forward looking statements. These statements are made to assist you in understanding the current and potential future performance of portfolio companies held by Trace Funds. Such statements include the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “estimates”, “future” and words of similar substance. We base these forward looking statements on our current expectations (or expectations at the time of publication of the applicable materials), which are informed by information developed independently by Trace and information from portfolio companies and third parties. These forward looking statements are subject to risks, uncertainties and assumptions that are related to, among other things: anticipated growth strategies, product development, technological advances, legal and regulatory changes, anticipated industry trends and conditions, expected capital needs, the ability to compete in the future and general market risk.

The Website contains certain information which Trace has obtained from portfolio companies directly. Trace has not confirmed the accuracy of all such information, and is not undertaking any obligation to update or revise any such information. Actual results could and likely will differ, sometimes materially, from those projected or anticipated. Trace is not undertaking any obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. You should not take any statements regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not place undue reliance on these statements.

Risks You Assume by Using the Website

Information on the Website speaks only as of the date indicated. While we make reasonable efforts to provide accurate information, at times we may not promptly update or correct the Website even if we are aware that it is inaccurate, outdated or otherwise inappropriate. By accessing this Website, you agree that we are not responsible for any action that you take or decision you make in reliance on any information contained in the Website.

Investments

Certain portions of the Website may contain information regarding some, but not all, of the portfolio companies in which Trace’s investment funds have invested. Representative investments are not to be considered a complete list of all investments made or currently held by Trace funds. No assumption should be made that investments in the companies identified were or will be profitable.

Third Party Websites

This Website provides hyperlinks to websites operated by other entities. Trace offers these hyperlinks as an accommodation to you and other users, but does not make any representations with respect to the accuracy, quality or suitability of the content provided on websites located through such hyperlinks, nor are we responsible for the practices of such other websites and sponsoring companies. In addition, third-party sites may be linked to this Website, with or without Trace’s consent. Trace makes no warranty or representation regarding, does not endorse, and does not accept any responsibility for, any websites linked to or from this Website or the information appearing thereon or any of the products or services described thereon. If you access any third party website through this Website or otherwise, you do so at your own risk and you are subjecting yourself to policies and practices employed by the operators of the other websites.