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1. Disclaimer

This website is maintained by SilverArc Capital Management, LLC and SilverArc Capital, LLC (“SilverArc”). None of the information or materials contained on or accessible through this website, including any information or materials accessible in any password protected areas, should be construed as providing any type of investment or other advice to you, nor should you consider such information or materials as a solicitation, recommendation, endorsement or offer to you to purchase or sell any financial security or other financial instrument. Past performance of SilverArc or any of its affiliates, officers, directors, managers or employees is not an indication of future performance.

SilverArc makes every effort to use reliable information but does not make any representation to, and disclaims any liability with respect to, the accuracy, timeliness and/or completeness of the information contained herein. SilverArc has no obligation to inform you when information contained herein changes or is updated. SilverArc may have an interest in and may affect transactions in, securities and/or other financial instruments mentioned herein. The materials and information on this website are for informational purposes only and do not constitute financial, legal, tax or any other advice. Users must make their own investment decisions based on their own investment objectives and considering their own financial position. Users must make their own investment decisions based on their own investment objectives and considering their own financial position, SilverArc recommends you and should seek advice from independent advisers as deemed necessary. This information contained on this website may not be sold or redistributed without the prior written consent of SilverArc.

By accessing this web site and any materials presented herein (the “Site”), you accept in their entirety the following terms and conditions pertaining to the use of the Site. SilverArc Capital Management, LLC and SilverArc Capital, LLC and its affiliates (collectively “SilverArc”) reserves the right to change the terms, conditions and notices under which this Site is offered without notice at any time. Each use of the Site constitutes your agreement to be bound by the then-current terms and conditions set forth in these Terms of Use.

2. Limited License to Use the Site

Except as specifically permitted below, nothing contained in these Terms of Use or the Site itself either grant or will be construed to grant to you or any third party any title or interest in, or any license or right to use or reproduce, any image, text, software, code, trademark, logo or service mark contained in the Site, including without limitation the name or logo of SilverArc or any of its affiliates. SilverArc reserves, and will enforce to the fullest extent possible, all rights that it may have with respect to copyright and trademark ownership of all material contained in the Site.

SilverArc grants you a limited, nonexclusive license to display and otherwise use portions of the Site solely for your own private, non-commercial informational purposes only, and to print pages from the Site only in connection with that use. You may not modify, distribute, transmit, perform, reproduce, publish, license, create derivative works from, transfer or sell any text, graphics, logos and other source-identifying symbols, designs, icons, images, or other information, software or code obtained from the Site.

3. No Offer of Employment

The Site does not constitute an offer or promise of employment with respect to any employment position described on this Site. Without notice, SilverArc may eliminate, modify or change any aspects of any employment described on the Site. This Site does not provide binding employment offers or any terms or conditions of employment. Any employment offer that may ensue as a result of your submission of information to SilverArc shall be solely in accordance with the specific terms of such employment offer, not the terms of the Site.

4. No Offer of Securities

Under no circumstances should any material at the Site be used or considered as an offer to sell or a solicitation of an offer to buy any interest in any investment fund sponsored or managed by SilverArc’s affiliates. Any such offer or solicitation can and will be made only by means of the Confidential Information Memorandum of each such investment fund, only in jurisdictions in which such an offer would be lawful and only to individuals who meet the investor suitability and sophistication requirements of each such investment fund, including qualifying as accredited investors within the meaning of the Securities Act of 1933, as amended. Access to information about the investment funds is similarly limited to individuals who meet the applicable investor suitability and sophistication requirements.

5. Privacy Policy

The personal information you provide to SilverArc when applying for a position (e.g., résumés, standardized test scores, etc.) will be processed by SilverArc exclusively for recruiting and employment purposes (recording, examination, assessment, selection, conclusion of an employment offer, storage in our recruitment database for a possible future offer of employment, etc.). Except to the extent necessary in connection with accommodations requested as part of the application or employment process, please do not provide sensitive data, as may be defined by your country’s laws (e.g., personal information regarding sexual orientation, race, ethnic origin, religion, health or disability).

The personal information collected for recruiting purposes will be transferred to SilverArc U.S. headquarters located in Boston, MA and may be further transferred, processed or stored in SilverArc’s other offices including, but not limited to, in Wayne, PA.

Only SilverArc will have access to your personal information. SilverArc will not disclose your personal information to third parties or use it for other purposes than recruitment, without your prior consent.

If you would like to access, correct, update or delete your personal information, you may contact SilverArc by sending an email to andrew@silverarccapital.com or by writing to SilverArc at 20 Park Plaza, 4^th Floor, Boston, MA 02116.

In general, SilverArc’s business practices limit access to personal information obtained through your use of the Site to those personnel who need to know such information to conduct SilverArc’s operations. SilverArc maintains physical, electronic and procedural safeguards designed to protect such information from unauthorized access or use. SilverArc will use personal information obtained through your use of the Site only in accordance with the privacy policy in effect at the time such information was provided.

By sending your personal information to apply for a position in our company, you give your consent to the processing of your personal information in the above manner. In addition, you affirm that all information contained within your submission is accurate and that you have the right to provide us with any and all information that you submit.

If you do not consent to the terms of this Privacy Policy, please do not use the Site, and, if you have provided personal identifying data, please contact SilverArc about how you would like SilverArc to handle such data.

6. Links to Third Party Web Sites

SilverArc has not reviewed any of the web sites that may be linked to the Site and is not responsible for their content. SilverArc is not responsible for the privacy practices of such other web sites. Your linking to or use of any off-site pages or other web sites is at your own risk. SilverArc’s inclusion of links to other web sites does not imply any endorsement of the material located on or linked to by such web sites.

7. No Warranty

SILVERARC, AND ITS RESPECTIVE OFFICERS, DIRECTORS, PRINCIPALS, AGENTS AND EMPLOYEES MAKE NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE ACCURACY, RELIABILITY, COMPLETENESS, SUITABILITY OR OTHER CHARACTERISTICS OF THE INFORMATION AND MATERIALS CONTAINED ON OR PRESENTED THROUGH THE SITE. ANY CONTENT OF THE SITE IS SUBJECT TO CHANGE WITHOUT NOTICE. ALL SUCH INFORMATION AND MATERIALS ARE PROVIDED “AS IS”, WITHOUT ANY WARRANTY OF ANY KIND. SILVERARC HEREBY FURTHER DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO SUCH INFORMATION AND MATERIALS, INCLUDING ALL IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT AND AVAILABILITY.

8. Limitation of Liability

IN NO EVENT SHALL SILVERARC, AND ITS RESPECTIVE OFFICERS, DIRECTORS, PRINCIPALS, AGENTS AND EMPLOYEES BE LIABLE FOR ANY CLAIMS, LIABILITIES, LOSSES, COSTS OR DAMAGES, INCLUDING DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN ANY WAY CONNECTED WITH (I) THE USE OF OR INABILITY TO USE THE SITE OR WITH ANY DELAY IN USING THE SITE, OR (II) ANY INFORMATION AND MATERIALS OBTAINED THROUGH THE SITE, OR (III) OTHERWISE ARISING OUT OF THE USE OF THE SITE; IN ANY CASE WHETHER BASED ON THEORIES ARISING IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE. SUCH LIMITATIONS APPLY EVEN IF SILVERARC OR ANY OF ITS RESPECTIVE OFFICERS, DIRECTORS, PRINCIPALS, AGENTS OR EMPLOYEES HAVE BEEN ADVISED OF THE POSSIBILITY OF DAMAGES.

9. General

These Terms of Use are governed by the internal laws of the State of Massachusetts, without reference to their conflicts of laws provisions. You consent to the jurisdiction of, and venue shall lie in, any federal or state court located in Boston, MA, U.S.A., as the exclusive jurisdiction and venue for the adjudication of all disputes arising out of or relating to the use of the Site.

Except with regard to requests pertaining to personal information (which address is provided in Section 4 above) any notice to SilverArc shall be given in writing and sent by registered mail to SilverArc at 20 Park Plaza, 4^th Floor, Boston, MA 02116.

If any provision of these Terms of Use is held to be invalid or unenforceable in any jurisdiction, such provision shall be deemed modified to the minimum extent necessary so that such provision shall no longer be held to be invalid or unenforceable, and these Terms of Use shall be interpreted so as to achieve the intent expressed herein to the greatest extent possible in the jurisdiction in question. Any such modification, invalidity or unenforceability shall be strictly limited both to such provision and to such jurisdiction.