This Web Site (the "Web Site") is maintained by Chapman Capital L.L.C. (“Chapman Capital”).

PLEASE READ THESE TERMS CAREFULLY. BY USING THIS SITE, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW.

No Offer of Securities - Disclosure of Interests
Under no circumstances should any material at this Web Site be used or considered as an offer to sell or a solicitation of any offer to buy the securities or any other instruments of any fund advised by of Chapman Capital or any other issuer. Offers can only be made where lawful under applicable law. If you wish to obtain further details about any information contained on this Web Site, we suggest that you contact the Chapman Capital team.

Your Right to Use this Web Site and its Contents
This Web Site is only for your personal use. The information and materials provided on this Web Site are solely for your use to assist you in evaluating the products and services offered by Chapman Capital and in the support and use of such products. Other uses are not permitted unless you receive Chapman Capital's prior written approval. You may not distribute, exchange, modify, sell, re-post or transmit anything you copy from this Web Site, including but not limited to any text, images, audio and video, for any business, commercial or public purpose. As long as you comply with the terms of these Terms and Conditions of Use, Chapman Capital grants you a non-exclusive, non-transferable, limited right to enter, display and use this Web Site. You agree not to interrupt or attempt to interrupt the operation of this Web Site in any way.

Responsibility for User's Material
You are prohibited from posting or transmitting any defamatory, libelous, obscene, pornographic, profane, threatening or unlawful material or any material that could constitute or encourage conduct that would be considered a criminal offense or give rise to civil liability, or otherwise violate any law. Chapman Capital will fully cooperate with any law enforcement authorities or court order requesting or directing Chapman Capital to disclose the identity of anyone posting such materials.

Posted and Transmitted Material
Internet transmissions are never completely private or secure and there is always the risk of technical malfunctions or security breaches. You understand that there is the possibility that any message or information you send to this Web Site or information posted to this website may be read or intercepted by others.

Investors who do not wish to have their investment statements or other individual reports for their sole use posted on this website should contact info@chapcap.com.

Linked Sites
This Web Site may contain links to other Internet web sites on the World Wide Web. Chapman Capital provides such links for your convenience only, and is not responsible for the content of any web site linked to or from this Web Site. Links from this Web Site to any other web site do not mean that Chapman Capital approves of, endorses or recommends that web site. Chapman Capital disclaims all warranties, express or implied, as to the accuracy, legality, reliability or validity of any content on any other web site.

Confidential Information
Except as may otherwise be provided for in our Online Privacy Policy, any material, information or other communication you transmit or post to this Web Site, including any data, questions, comments, suggestions, reviews or the like is and will be treated as, non-confidential and non-proprietary ("Communications"). You authorize Chapman Capital to use the Communications in any manner consistent with the current Online Privacy Policy.

Loss of Password
If you become aware of any loss, theft or unauthorized use of your password or account number, immediately notify Chapman Capital at info@chapcap.com. You are responsible for the confidentiality and use of your password and account number.

Chapman Capital's Right to Change These Terms and Conditions of Use or Content on this Web Site
Chapman Capital may add to, change or remove any part of these Terms and Conditions of Use at any time, without notice. Any changes to these Terms and Conditions of Use or any terms posted on this Web Site apply as soon as they are posted. By continuing to use this Web Site after any changes are posted, you are indicating your acceptance of those changes. Chapman Capital may add, change, discontinue, remove or suspend any other content posted on this Web Site, at any time, without notice and without liability.

Disclaimer of Warranties and Damages; Limitation of Liability
YOUR USE OF THIS WEB SITE IS AT YOUR OWN RISK. THIS WEB SITE (INCLUDING ALL CONTENT AND FUNCTIONS MADE AVAILABLE ON OR ACCESSED THROUGH THIS WEB SITE) IS PROVIDED "AS IS" TO THE FULLEST EXTENT PERMISSIBLE BY LAW. Chapman Capital MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER THAT THE SERVER THAT MAKES THIS WEB SITE AVAILABLE IS FREE OF VIRUSES OR OTHER COMPONENTS THAT MAY INFECT, HARM OR CAUSE DAMAGE TO YOUR COMPUTER EQUIPMENT OR ANY OTHER PROPERTY WHEN YOU ACCESS, BROWSE, DOWNLOAD FROM OR OTHERWISE USE THE WEB SITE. UNDER NO CIRCUMSTANCES, INCLUDING BUT NOT LIMITED TO CHAPMAN CAPITAL'S NEGLIGENCE, SHALL Chapman Capital BE LIABLE FOR ANY CONSEQUENTIAL, DIRECT, INCIDENTAL, INDIRECT, PUNITIVE OR SPECIAL DAMAGES RELATED TO (A) THE USE OF, (B) THE INABILITY TO USE OR (C) ERRORS OR OMISSIONS IN THE CONTENTS AND FUNCTIONS OF THIS WEB SITE, EVEN IF Chapman Capital OR AN AUTHORIZED REPRESENTATIVE THEREOF HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CONSEQUENTIAL OR INCIDENTAL DAMAGES, SO THE ABOVE LIMITATION OR EXCLUSION MAY NOT APPLY TO YOU. IN NO EVENT SHALL CHAPMAN CAPITAL'S TOTAL LIABILITY TO YOU FOR ALL DAMAGES, LOSSES AND CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT, INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE OR OTHERWISE), EXCEED $100.00. NOTHING ON THIS WEB SITE SHOULD BE CONSTRUED AS ADVICE OR A LEGAL OPINION.

General Provisions
These Terms and Conditions of Use and any additional terms posted on this Web Site together constitute the entire agreement between Chapman Capital and you with respect to your use of this Web Site. Any cause of action you may have with respect to your use of this Web Site must be commenced within (1) year after the claim or cause of action arises. If for any reason a court of competent jurisdiction finds any provision of these Terms and Conditions of Use, or portion thereof, to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to effect the intent of this agreement, and the remainder of these Terms and Conditions of Use shall continue in full force and effect. These Terms and Conditions of Use shall be governed by and construed in accordance with the laws of the State of California, United States of America, without reference to its conflict of laws rules.