Persons who access the materials made available at the Banner Ridge Partners website on the worldwide web (“BRP website”) accept and agree to comply with the terms and conditions as set forth in the "Legal Information."

No Recommendation. NOTHING HEREIN SHOULD BE CONSTRUED TO BE A RECOMMENDATION OR SOLICITATION FOR ANY INVESTMENT TO USERS OF THIS WEBSITE. REGISTERED USERS SHOULD NOT RELY UPON THIS DATA TO MAKE AN INVESTMENT DECISION.

Past Performance. THE PAST IS NOT NECESSARILY A GUIDE TO THE FUTURE PERFORMANCE OF AN INVESTMENT. THE VALUE OF INVESTMENTS MAY FALL AS WELL AS RISE AND INVESTORS MAY NOT GET BACK THE AMOUNT INVESTED.

Local Legal Restrictions. This website is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of the Website is prohibited. Persons in respect of whom such prohibitions apply must not access this Website.

Qualified Status. You agree to immediately advise BRP in the event that there is any change in your status as either an "accredited investor" or a "qualified purchaser."

FOR THE PUBLIC

The BRP website is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of the BRP website is prohibited. Persons in respect of whom such prohibitions apply must not access the BRP website. The information provided on the BRP website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country that would subject BRP to any registration requirement within such jurisdiction or country.

BRP believes that the information on the BRP website is accurate as of the date of publication. However, no entity of BRP makes any warranty of accuracy or completeness of the information, and they shall not be liable for any losses or damages relating to the adequacy, accuracy or completeness of any information on the BRP website or the use of such information. The information on the BRP website is provided for information only and should not form the basis of an investment decision.

The past is not necessarily a guide to the future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested.

Nothing in the BRP website should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.

Subscription to BRP Funds are made on the basis of the Private Placement Memorandums only and information on this site does not constitute an offer to issue or sell, nor solicitation of an offer to subscribe or purchase, shares in any BRP Fund. Subscriptions may not be offered in any jurisdiction in which such offer or solicitation is not authorized.

BRP does not provide investment advisory services to the public and nothing contained herein should be construed as an offer of BRP’s services or products.

Non-public personal information received directly or indirectly by BRP or its affiliates will not be disclosed to unaffiliated third parties except as required by law. See BRP’s privacy policy.

FOR NON-U.S. PERSONS AND THEIR ADVISORS

The information provided on the BRP website is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use is prohibited, or that would subject BRP to any registration requirement within such jurisdiction.

FOR U.S. AND CANADIAN INSTITUTIONAL INVESTORS AND DISTRIBUTORS TO U.S. INSTITUTIONS

The information contained in this part of the BRP website is directed solely to qualified U.S. and Canadian institutions and distributors to qualified U.S. institutions.

Although Banner Ridge Partners, LP is registered with the U.S. Securities and Exchange Commission an investment adviser under the U.S. Investment Advisers Act of 1940, securities issued by BRP Funds have not been registered under the U.S. Securities Act of 1933, and have not been registered with, or approved by, the U.S. Securities and Exchange Commission, any state securities administrator or any other regulatory authority. The securities issued by BRP Funds therefore cannot be sold, transferred or pledged (although they may be redeemed as described in each fund’s offering documents) in the absence of such registration or the availability of an exemption therefrom. There is no public or other market for the securities, and no such market is expected to develop. Neither the U.S. Securities and Exchange Commission nor the securities regulatory authority or commission of any state of the United States has passed upon the value of the securities of the BRP Funds, made any recommendations as to their purchase, approved or disapproved any offering made by BRP Funds or passed upon the adequacy or accuracy of any information contained on this website or in the offering materials for the BRP Funds. Any contrary representation is a criminal offense.

BRP Funds have not been and will not be registered as investment companies under the U.S. Investment Company Act of 1940.