TERMS AND CONDITIONS

DEFINITIONS

"ACP" means ACP Capital UK LLP, ACP Capital Limited, ACP Mezzanine Limited, ACP Investment Management Limited, ACP Capital ( Cyprus ) Limited, ACP Capital Cyprus (HR) Limited, ACP Capital UK Limited, ACP Capital Nominee Limited, ACP Mezzanine Asset Holdings 1 Limited, ACP Mezzanine Asset Holdings 2 Limited and their affiliates or members, directors, officers and employees.

"ACP Capital" means ACP Capital Limited

"Site" refers to all web pages within the www.acpcapital.com domain, including all text and images

These terms and conditions apply every time you use this Site so please read them carefully. By using or accessing this Site you accept these terms and conditions. If you do not agree to them or have any doubts, please leave this Site immediately. ACP may change these terms and conditions from time to time, so you should check the current terms and conditions each time you open or access this Site.

ACP COMPANIES:

ACP Capital UK LLP: Registered office: Suite 205 73 Watling Street EC4M 9BJ. Partnership Number: OC317778. Incorporated on 13 February 2006 as a limited liability partnership under the Limited Liability Partnerships Act 2000.

ACP Capital Limited: Registered office: 22-24 Seale Street, St Helier, Jersey, JE2 3QG . Registered Number: 91066. Incorporated on 6 December 2005 as a public company under the Companies ( Jersey ) Law 1991.

ACP Mezzanine Limited: Registered office: 22-24 Seale Street, St Helier, Jersey, JE2 3QG. Registered Number: 93614. Incorporated on 31 May 2006 as a public company under the Companies ( Jersey ) Law 1991.

ACP Investment Management Limited: Registered office: 22-24 Seale Street, St Helier, Jersey, JE2 3QG. Registered Number: 93991. Incorporated on 12 July 2006 as a private company under the Companies ( Jersey ) Law 1991.

ACP Capital ( Cyprus ) Limited: Registered office: 30 Tempon Street , Engomi 2408, P.O Box 28006 , 2090 Nicosia , Cyprus . Registration Number: HE175194. Incorporated in Cyprus .

ACP Capital ( Cyprus ) HR Limited: Registered office: 30 Tempon Street , Engomi 2408, P.O Box 28006 , 2090 Nicosia , Cyprus . Registered on 24 July 2006 as a limited liability company under the Companies Law, Cap 113.

ACP Mezzanine Asset Holdings 1 Limited: Registered office: 22-24 Seale Street, St Helier, Jersey, JE2 3QG. Registration Number: 93660. Incorporated on 5 June 2006 as a private limited company under the Companies ( Jersey ) Law of 1991.

ACP Mezzanine Asset Holdings 2 Limited: Registered office: 22-24 Seale Street, St Helier, Jersey, JE2 3QG. Registration Number: 93661. Incorporated on 5 June 2006 as a private limited company under the Companies ( Jersey ) Law of 1991.

Perseus Holdings Limited: Registered office: 22-24 Seale Street, St Helier, Jersey, JE2 3QG. Registration Number: 95126. Incorporated on 13 November 2006.

USE OF SITE INFORMATION

This Site is hosted by ACP Capital UK LLP and has been prepared solely to describe the activities of ACP and is for informational purposes only. Nothing on this Site is intended to constitute an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment of any description in any jurisdiction, nor to recommend any investment service or transaction.

The investments or services referred to at this Site may not be suitable for everyone. If you have any doubts as to suitability, you should seek advice from an investment adviser.

The opinions expressed in this Site do not constitute investment advice and independent advice should be sought where appropriate.

All information and opinions expressed herein are current as of publication and are subject to change without notice. While ACP has endeavored to ensure the accuracy of the information at this Site, ACP does not guarantee or give any warranty as to the accuracy, timeliness or completeness of any information or material at this Site. You must, in any event, conduct your own due diligence and investigations rather than relying on any of the information at this Site.

ACP acts for its client companies and not for anyone else. It will not act for, advise or be responsible for providing the protections afforded to its client companies to anyone other than its client companies. Persons working with ACP should be aware of this and not expect that they will be treated as client companies.

INVESTORS

Unless otherwise indicated, the contents of this website are not intended for private investors and private investors should not place reliance on its contents. Funds managed and advised by ACP may not be available to members of the general public. Private investors should always seek advice from independent financial advisers before committing to any investment decision.

The investments and the services and transactions referred to at this Site may have tax consequences and it is important to bear in mind that ACP does not provide tax advice. The levels and bases of taxation can change and investors should consult their own tax advisers in order to understand any applicable tax consequence.

Investments and the income from them may fluctuate and an investor may get back less than the amount invested. Information on past performance, where given, is not necessarily a guide to future performance.

THIRD PARTY RESEARCH REPORTS

ACP may provide links to independent third party research reports on the Investor Information page of the Site. These reports are provided for information purposes only and ACP accepts no responsibility for their content. All information and analysis in these reports is based solely on the opinion of the author concerned. Each report contains relevant disclaimers and terms which should be read in full. These reports are suitable only for institutional investors in the United Kingdom and should not be viewed by private individuals. Private individuals should seek independent financial advice before committing to any investment decision.

LOCAL LAWS AND REGULATIONS

This Site is not directed at any person in any jurisdiction where for any reason the publication or availability of this Site is prohibited. Those in respect of whom such prohibitions apply must not access this Site.

In accessing this Site, you are responsible for obtaining your own legal, tax and financial advice before entering into any transaction with any of the ACP companies listed above.

ACP does not represent that (i) any of the materials at this Site; (ii) any investment services that may be deemed to be available at this Site; or (iii) anything else at this Site, are appropriate for use or permitted by local laws in all jurisdictions. Those who access this Site do so on their own initiative, and are responsible for compliance with applicable local laws or regulations; legal advice should be sought in cases of doubt. Those who access this Site may not necessarily be able to deal directly with any of the ACP companies. None of the materials or investment services at or referred to at this Site is available to persons resident in any jurisdiction where this would be contrary to local law or regulation. Without limitation, none of the materials or investment services at or referred to at this site is available to persons resident in the United States of America, Australia, Canada, Ireland, the Republic of South Africa or Japan.

THIS SITE DOES NOT INCLUDE ANY OFFER OF INVESTMENT SERVICES TO ANY PERSONS (INCLUDING, WITHOUT LIMITATION, US PERSONS)

VALUATIONS

The valuations contained herein are indicative and may be based on historical data and should not be substituted for information derived from real time market data. These valuations may differ substantially from firm valuations and are not a commitment by ACP to enter into any transaction. They may not reflect ACP's internal theoretical valuation models and may vary significantly from indicative valuations available from other sources. There may be certain factors that have not been assessed for the purposes of these valuations that may substantially affect a stated valuation. While ACP has obtained the information on which these valuations are based from sources that it believes to be reliable, ACP makes no representation or warranty with respect to any indicative valuations.

INTELLECTUAL PROPERTY RIGHTS AND LINKS

This Site may provide links to third party websites from time to time. If you use these links, you leave this Site. ACP does not control and is not responsible for these third party websites and so it is your responsibility to decide whether the third party websites are suitable for your purposes.

You may not link to this Site without the written permission of ACP Capital UK LLP.

PRIVACY STATEMENT

ACP uses IP recognition technology in order to restrict access to the Site to users from certain jurisdictions in order to comply fully with all relevant legal codes. ACP uses this information solely to filter content that is not suitable for certain investors and may retain this information to improve your experience of the Site.

In common with most websites, our Site uses cookies; those are small data files which are downloaded to your computer so that we can recognize that your computer has visited the Site before. We use cookies to monitor use of the Site in order to improve your experience of the Site.

ACP operates a 21-day timeout on its cookies. In practice, this enables the Site to remember your regional preferences for subsequent visits to the Site for a period of 21 days. This service is designed to allow faster access to the Site for repeat users. However, the terms and conditions of this Site may change frequently and it is the responsibility of the user to read and adhere to the legal disclaimers each time they access the Site.

LIMITATIONS AND EXCLUSIONS

ACP shall not be (nor shall any ACP company be) liable to you in contract, tort (including negligence), breach of statutory duty, restitution or otherwise for any direct, indirect, special, consequential or other losses or damages of whatever nature and arising in any way as a result of access to, use of, downloading of or reliance on this Site or any information contained on it. This does not exclude or limit our liability for death or personal injury caused by the negligence of ACP, or for fraud or fraudulent misrepresentation on the part of ACP.

ACP does not guarantee that the use of this Site will be compatible with all software which may be used by visitors to this Site. ACP makes no warranty or representation that your access to this Site will be uninterrupted, secure and/or error-free or that you will be able to access this Site at any particular time.

GOVERNING LAW AND JURISDICTION

These terms and conditions and all use or access of this Site shall be governed by and construed in accordance with English law. Disputes arising in connection with these terms and conditions or anything connected with the use or access of this Site shall be subject to the exclusive jurisdiction of the English courts and in accessing this Site you agree to submit to such exclusive jurisdiction.

In accessing this site, I confirm that I have read this important information and agree to the terms and conditions set out above.