TERMS OF USE

Effective Date: May 7, 2020

Thank you for visiting our website.

AGREEMENT

PLEASE READ THESE TERMS AND CONDITIONS (THE “TERMS”) CAREFULLY BEFORE USING OUR WEBSITE (THE “SITE”). THE SITE IS AVAILABLE ONLY TO, AND MAY ONLY BE USED BY, INDIVIDUALS WHO CAN FORM LEGALLY BINDING CONTRACTS UNDER APPLICABLE LAW. WITHOUT LIMITING THE FOREGOING, THE SITE IS NOT AVAILABLE TO PERSONS UNDER AGE 18. BY ACCESSING THIS SITE AND ANY PAGES THEREOF, YOU ACKNOWLEDGE YOUR UNDERSTANDING OF, ACCEPT WITHOUT LIMITATION OR QUALIFICATION, AND AGREE TO BE BOUND BY, THE TERMS AND CONDITIONS HEREIN AND AS MODIFIED FROM TIME TO TIME. THESE TERMS, INCLUDING ALL DOCUMENTS REFERENCED HEREIN, CONSTITUTE A BINDING AGREEMENT BETWEEN YOU AND SANTÉ AND GOVERNS YOUR ACCESS TO AND USE OF THE SITE. EACH TIME YOU USE THE SITE, YOUR USE INDICATES YOUR FULL ACCEPTANCE OF AND AGREEMENT TO ABIDE BY THESE TERMS IN THEIR THEN CURRENT FORM. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS BELOW, DO NOT ACCESS THIS SITE, OR ANY PAGES THEREOF.

Santé Capital Management, LP, SHVMS, LLC and their affiliates (“Santé,” “we,” “our,” or “us”) reserve the right to change, modify, add or remove portions of the Terms or other documents referenced herein at any time for any reason, without notice, and in our sole discretion.

CONFIDENTIALITY

By accessing the Site, the recipient agrees that it will, and it will cause its directors, partners, officers, employees, affiliates and representatives, to use such information only to evaluate its potential interest in any fund or account managed by Santé (the “Funds”) and for no other purpose and not divulge any such information to any other party. Any reproduction of such information, in whole or in part, is prohibited.

USE OF THIS WEBSITE

This Site is owned and operated by, or on behalf of, Santé. Access, distribution and/or use of this Site is subject to all applicable laws and regulations. To the extent that access, distribution and/or use of this Site would be deemed illegal by applicable law, such access, distribution and/or use is prohibited.

Authorized users of this Site include existing clients of Santé, existing investors in its Funds, qualified prospective clients and investors of Santé and the Funds, and any other users authorized by Santé. Santé grants you a non-exclusive, non-transferable and limited personal license to access and use the Site for your personal and non-commercial use, conditioned on your continued compliance with these Terms. As an authorized user, you represent and warrant that you have full authority and all rights necessary to enter into and fully perform all of your obligations pursuant to these Terms, will be responsible for all activity on the Site and will not delete any material nor violate or attempt to violate the security of the Site. In addition, you may not modify, copy (except as set forth below), distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information, products or services obtained from the Site. You may not link other websites to the Site without Santé’s prior written permission. Unauthorized access to and/or use of this Site, including but not limited to misuse of posted information, is strictly prohibited.

You are prohibited from using the Site to advertise or perform any commercial solicitation. You also are prohibited from using any robot, spider, scraper or other automated means to access the Site for any purpose without the prior written permission of Santé. You may not take any action that imposes, or may impose, in our sole discretion, an unreasonable or disproportionately large load on Santé’s infrastructure, interfere or attempt to interfere with the proper working of the Site or any activities conducted on the Site, or bypass any measures that we may use to prevent or restrict access to the Site. You shall not, directly or indirectly, reverse engineer, decompile, disassemble, translate or convert any computer programs used to access the Site. Any special rules for the use of certain software and other content accessible on the Site may be included elsewhere within the Site and are incorporated into these Terms by reference. Any rights not expressly granted herein are reserved.

REGISTRATION INFORMATION

Investors currently holding interests or shares in Funds will be provided login credentials by Santé or its administrator to access additional material and information on the administrator’s website. If you are a current investor and have not received such login credentials, please contact Santé’s administrator to obtain access to its website.

You are responsible for maintaining the confidentiality of your login credentials. You are entirely responsible for any and all activities which occur under your login credentials whether or not authorized by you. Although Santé will not be liable for losses caused by any unauthorized use of your account on the administrator’s website, you may be liable for the losses of Santé or others due to such unauthorized use.

You may not allow others to use your login credentials. If you know or believe that your login credentials have been compromised for any reason, you should contact Santé’s administrator immediately to request new login credentials. If you provide your login credentials to any third party, you will be solely responsible for any actions taken by such third party using your login credentials.

NON-EUROPEAN INVESTORS

Accessing the Site and the information that it contains constitutes a request by you, at your initiative, to be provided with information about the Funds. Neither Santé, nor any of its affiliates, intends to actively market any Funds to investors in the European Union or the European Economic Area and, therefore, Santé is outside the scope of the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (the “AIFMD”) and is not subject to the requirements of the AIFMD. If you are a prospective investor located in, or have your registered office in, the European Union or the European Economic Area, as a condition to your use of this Site, you represent that you acknowledge and understand that the information contained on this Site may not include information that Santé would have been required to provide to you, or to otherwise make public, had either Santé been required to comply with the AIFMD, and Santé may not provide to you such information or sales materials which would otherwise have been required by the AIFMD.

FORWARD-LOOKING STATEMENTS

THE SITE MAY INCLUDE FORWARD LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES CONCERNING THE OPERATIONS, PROSPECTS, STRATEGIES, FINANCIAL CONDITION AND FUTURE ECONOMIC PERFORMANCE OF SANTÉ’S BUSINESSES, AND OF THE FUNDS MANAGED BY SANTÉ AS WELL AS SANTÉ’S INTENTIONS, PLANS AND OBJECTIVES, THAT ARE BEYOND THE CONTROL OF SANTÉ. THESE STATEMENTS ARE BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES WHICH ARE SUBJECT TO SIGNIFICANT UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF SANTÉ. WHEN USED ON THE SITE, WORDS LIKE “ANTICIPATES,” “EXPECTS,” “BELIEVES,” “ESTIMATES,” “SEEKS,” “PLANS,” “INTENDS,” “WILL” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS DESIGNED TO FALL WITHIN SECURITIES LAW SAFE HARBORS FOR FORWARD-LOOKING STATEMENTS. THE SITE AND THE INFORMATION CONTAINED HEREIN DO NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER FOR SALE OF ANY SECURITIES. NONE OF THE INFORMATION CONTAINED HEREIN IS INTENDED TO BE, AND SHALL NOT BE DEEMED TO BE, INCORPORATED INTO ANY OF OUR SECURITIES OFFERING MATERIALS, SECURITIES FILINGS OR DOCUMENTS.

OWNERSHIP OF CONTENT

The Site and all of its content, including but not limited to all text, graphics, charts, audio, logos, images, data compilations, icons, code and software (“Content”), are the property of Santé and are protected by U.S. and international copyright and other intellectual property and related laws, rules and regulations, with all rights reserved unless otherwise noted. All trademarks, service marks, trade names and other product and service names and logos displayed on the Site are proprietary to Santé, including all registered and unregistered trademarks and service marks of Santé. Notwithstanding the foregoing, if the Site includes any trademarks, service marks, trade names or logos of any third parties, such items are the proprietary marks and names of their respective owners, and are protected by applicable trademark and intellectual property laws. Nothing contained on the Site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademark displayed on this Site without the prior written permission of Santé or such third party that may own the trademarks displayed on this Site. You may not use the trademarks displayed on the Site. Your use of any Content, whether owned by Santé or any third party, without Santé’s express written permission, is prohibited except as otherwise expressly permitted in these Terms. Without limiting the foregoing, you are prohibited from using any of Santé’s copyrighted material or trademarks for any purpose, including, but not limited to, use as metatags, links or otherwise on any website, without the prior written permission of Santé.

PRIVACY

For information on our privacy practices, refer to our Santé Privacy Policy available here.

INTELLECTUAL PROPERTY

Santé values intellectual property and respects the intellectual property rights of others and will remove materials on its Site that infringe the copyrights of others. If you believe that your copyrighted material may have been infringed by material contained on this Site, then pursuant to Title 17, United States Code, § 512, you may notify Santé’s Designated Agent in writing as follows:

Santé
201 W 5th Street. Suite 1500 | Austin, TX 78701
www.sante.com

INDEMNITY

As a condition of your use of the Site, you hereby agree to indemnify and hold Santé and its officers, directors, members, principals, investors, agents, and employees harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to attorney’s fees), as incurred, arising from your use of the Site or related services or from your violation of the Terms. You agree to indemnify, defend and hold harmless Santé, its parent, subsidiary and affiliated entities and each of their respective owners, officers, directors, employees and agents from and against any and all claims, demands, losses, liabilities, damages, costs and expenses (including but not limited to attorney’s fees) arising from or in connection with your use of the Site and/or any violation of these Terms. You agree that your representations and warranties and your obligation to indemnify Santé shall survive beyond any term that these are in effect.

MISCELLANEOUS

You agree that no joint venture, partnership, employment or agency relationship exists between you and Santé as a result of these Terms or use of the Site.
Santé’s performance of these Terms is subject to existing laws and legal process, and nothing in these Terms is in derogation of Santé’s right to comply with law enforcement requests or requirements relating to your use of the Site or information provided to or gathered by Santé with respect to such use.

By reviewing or using the information on the Site after accessing the Site, you represent and warrant that (a) you have the authority to enter into these Terms and create a binding contractual obligation, (b) you understand and intend these Terms to be the legal equivalent of a signed, written contract equally binding, and (c) you will use the information on the Site in a manner consistent with applicable laws and regulations and in accordance with these Terms, as Santé may amend them online or otherwise from time to time. A printed version of these Terms and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based on or relating to these Terms to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.

These Terms constitute the entire agreement between you and Santé with respect to the Site and they supersede all prior or contemporaneous communications and proposals, whether electronic, oral or written, between you and Santé with respect to the Site. No delay or failure on the part of either party in exercising any right or remedy hereunder shall operate as a waiver thereof or of any other right or remedy. No waiver whatsoever shall be valid unless in writing, signed by the party to be charged, and then only to the extent therein set forth.

You shall not assign or otherwise transfer these Terms, in whole or in part, or delegate or subcontract any of its rights or obligations hereunder, without Santé’s prior written consent. Any attempted transfer or delegation by you without Santé’s consent will be void. These Terms will bind and inure to the benefit of each party’s successors and permitted assigns.

GOVERNING LAW

Use of this Site and these Terms shall be governed by the laws of the State of Texas of the United States of America, without regard to its conflict of law provisions. If any portion of these Terms is deemed unenforceable, unlawful or void by a Court of competent jurisdiction, then that portion of the Terms will be deemed severable and will not affect the enforceability or validity of the remaining portions of these Terms.

Santé does not claim that materials in the Site are appropriate or available for use in locations other than those within the United States. If you choose to access the Site from other locations, you do so on your own initiative, and you are responsible for compliance with any applicable local laws.

HOW TO CONTACT US

Should you have any questions or comments concerning our Site or these Terms, you can contact us at privacy@sante.com or 201 W 5th Street. Suite 1500 | Austin, TX 78701.

PRIVACY POLICY

Effective Date: May 7, 2020

This Privacy Policy (“Policy”) describes how Santé Capital Management, LP, SHMVS, LLC and their affiliates (“Santé,” “we,” “our,” or “us”) collects, uses, and discloses certain personal information obtained through our websites (“Sites”), which are located at www.sante.com. By visiting our Sites and/or using the features made available to you on the Sites, you are agreeing to the terms of this Policy.

This Policy applies only to information collected through the Sites and therefore does not apply to data we collect in other contexts. Information that we collect from you relating to your investments is regulated by the federal Gramm-Leach-Bliley Act. You may learn more about how the Gramm-Leach-Bliley Act applies to you by clicking here.

WHAT INFORMATION WE COLLECT AND MAINTAIN ABOUT YOU

We collect personal and other information from you directly when you provide it to us through the websites. We may also automatically collect certain information about you and your computer, smartphone, or other device when you use, access, or interact with our Sites.

Personal Information. You can visit the Sites without submitting any information that we can use to identify you personally. However, if you use certain features on the Sites, such as the “Contact Us” feature, or when you submit an application for a position with us, you may provide us your personal information. Such information could include your name, email address, phone number, resume, or any other information that you choose to provide to us.

Web log data. When you use the Sites, we automatically receive and record certain information from your computer (or other device) and your browser. This may include such data as your IP address and domain name, the pages you visit on the Sites, the date and time of your visit, the files that you download, the URLs from the websites you visit before and after navigating to the Sites, your software and hardware attributes (including device IDs), your general geographic location (e.g., your city, state, or metropolitan region), and certain cookie information (see below). To obtain such information, we may use web logs or applications that recognize your computer and gather information about its online activity.

Cookies. We also use cookies on the Sites. Cookies are small files that are stored on your computer by your web browser. A cookie allows the Sites to recognize whether you have visited before and may store user preferences and other information. For example, cookies can be used to collect or store information about your use of the Sites during your current session and over time (including the pages you view and the files you download), your computer’s operating system and browser type, your Internet service provider, your domain name and IP address, your general geographic location, the website that you visited before the Sites, and the link you used to leave the Sites. If you are concerned about having cookies on your computer, you can set your browser to refuse all cookies or to indicate when a cookie is being set, allowing you to decide whether to accept it. You can also delete cookies from your computer. However, if you choose to block or delete cookies, certain features of the Sites may not operate correctly.

Web beacons. The Sites or the emails that you receive from Santé may use an application known as a “web beacon” (also known as a “clear gif” or “web bug”). A web beacon is an electronic file that usually consists of a single-pixel image. It can be embedded in a web page or in an email to transmit information, which could include personal information. For example, it can allow an email sender to determine whether a user has opened a particular email.

Third-party online tracking. We also may partner with certain third parties to collect, analyze, and use some of the personal and other information described in this section. For example, we may allow third parties to set cookies or use web beacons on the Sites or in email communications from us. This information may be used for a variety of purposes, including website analytics (see the section entitled “With whom we share your information”).

HOW WE USE YOUR INFORMATION

Santé uses the information that we collect for a variety of purposes. These purposes include, for example:

To respond to your questions or requests concerning the Sites or other services offered by us; to fulfill the terms of any agreement you have with us;

• To fulfill your requests for our services or otherwise complete a transaction that you initiate;
• To process your employment application;
• To review any business plan or press inquiry that you send to us;
• To send you information about our services and other topics that are likely to be of interest to you, including newsletters, updates, or other communications, including promotional emails;
• To deliver confirmations, account information, notifications, and similar operational communications;
• To improve your user experience and the quality of our products and services;
• To comply with legal and/or regulatory requirements; and
• To manage our business.

In addition to the purposes above, we use the information that we collect automatically through the Sites for such purposes as:

• Counting and recognizing visitors to the Sites;
• Analyzing how visitors use the Sites and various Site features;
• Improving the Sites and enhancing users’ experiences with the Sites;
• Creating new products and services or improving our existing products and services;
• Enabling additional website analytics and research concerning the Sites; and
• Managing our business.

Santé may link information gathered through the Sites with information that we collect in other contexts. But in that event, we will handle the combined information in a manner consistent with this Policy.

WITH WHOM AND WHY WE SHARE YOUR INFORMATION

We share your information with other parties for a variety of purposes, as described below.

Analytics. We partner with certain third parties to obtain the automatically collected information discussed above and to engage in analysis, auditing, research, and reporting. These third parties may use web logs or web beacons, and they may set and access cookies on your computer or other device. In particular, the Sites use Google Analytics to help collect and analyze certain information for the purposes discussed above. You may opt out of the use of cookies by Google Analytics here.

The use of online tracking mechanisms by third parties is subject to those third parties’ own privacy policies, and not this Policy. If you prefer to prevent third parties from setting and accessing cookies on your computer or other device, you may set your browser to block cookies. Although our Sites currently do not respond to “do not track” browser headers, you can limit tracking through these third-party programs and by taking the other steps discussed above.

Third-party service providers. Santé uses third-party service providers that perform services on our behalf, including web-hosting companies, mailing vendors, and analytics providers. These service providers may collect and/or use your information, including information that identifies you personally, to assist us in achieving the purposes discussed above.

We may share your information with other third parties when necessary to fulfill your requests for services; to complete a transaction that you initiate; to meet the terms of any agreement that you have with us or our partners; or to manage our business.

Legal purposes. We also may use or share your information with third parties when we believe, in our sole discretion, that doing so is necessary:

• To comply with applicable law or a court order, subpoena, or other legal process;
• To investigate, prevent, or take action regarding illegal activities, suspected fraud, violations of our terms and conditions, or situations involving threats to our property or the property or physical safety of any person or third party;
• To establish, protect, or exercise our legal rights or defend against legal claims; or
• To facilitate the financing, securitization, insuring, sale, assignment, bankruptcy, or other disposal of all or part of our business or assets.

Aggregated information. From time to time, Santé may also share aggregated information about Sites’ users, such as by publishing a report on trends in the usage of the Sites. Such aggregated information will not identify you personally.

CHOICE

You may opt out of receiving marketing emails from us by following the instructions in those emails or by emailing us at privacy@sante.com.

HOW YOU CAN ACCESS OR CORRECT YOUR INFORMATION

If you want to learn more about the personal information that Santé has about you, or you would like to update or change that information, please contact us by email at privacy@sante.com.

EXTERNAL LINKS

This Sites may contain links to third-party websites. If you use these links, you will leave the Sites. We have not reviewed these third-party sites and do not control and are not responsible for any of these sites, their content, or their privacy policy. Thus, we do not endorse or make any representations about them, or any information, software, or other products or materials found there, or any results that may be obtained from using them. If you decide to access any of the third-party sites listed on our websites, you do so at your own risk.

DATA SECURITY

We employ physical, technical, and administrative procedures to safeguard the personal information we collect online. However, no website is 100% secure, and we cannot ensure or warrant the security of any information you transmit to the Sites or to us, and you transmit such information at your own risk.

INTERNATIONAL USERS

The information that we collect through or in connection with the Sites is transferred to and processed in the United States for the purposes described above. Santé may also subcontract the processing of your data to, or otherwise share your data with, affiliates or third parties in the United States or countries other than your country of residence. The data-protection laws in these countries may be different from, and less stringent than, those in your country of residence. By using the Sites or by providing any personal or other information to us, you expressly consent to such transfer and processing.

CALIFORNIA RESIDENTS

If you are a resident of the state of California, please view our California Privacy Addendum below for additional rights that may be applicable to you.

CHILDREN

Content on this Sites is directed at individuals over the age of 18 and is not directed at children under the age of 13. We do not knowingly collect personally identifiable information from children under the age of 13.

CHANGES TO THIS POLICY

Santé may make changes to the Sites in the future and as a consequence will need to revise this Policy to reflect those changes. We will post all such changes on the Sites, so you should review this page periodically. If we make a material change to the Policy, you will be provided with appropriate notice.

HOW TO CONTACT US

Should you have any questions or concerns about this Policy, you can contact us at privacy@sante.com or 201 W 5th Street. Suite 1500 | Austin, TX 78701.

CALIFORNIA PRIVACY ADDENDUM

Effective Date: Month Day, Year

If you are a California resident, the California Consumer Privacy Act (“CCPA”) provides you with certain rights regarding your personal information, including the right to know about personal information collected, disclosed, or sold; the right to request that we delete personal information that we have collected from you; the right to opt-out of the sale of your personal information; and the right not to be discriminated against. All of these rights are subject to certain exceptions, including if the information is collected, processed, sold, or disclosed pursuant to the federal Gramm-Leach-Bliley Act.

COLLECTION OF PERSONAL INFORMATION

When you visit or interact with our website, we may collect information that identifies, relates to, describes, is reasonably capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular consumer or household (“personal information”). We may have collected the following categories of personal information over the past 12 months:

• Identifiers, such as your name, email address, or IP address.
• Categories of personal information described in subdivision (e) of California Civil Code Section 1798.80, such as your name, address, phone number, and employment history.
• Characteristics of protected classifications under California or federal law, such as your age or sex.
• Internet or other electronic network activity information, such as cookies, web logs, and information about how you use our website.
• Inferences drawn from any of the information identified above.

We collect the personal information listed above from the following sources:

• From you directly, when you contact us through the Sites or apply for a position with us.
• From your operating system and platforms.
• Automatically from you when you visit our website.

DISCLOSURE OR SALE OF PERSONAL INFORMATION

In the last 12 months, we may have disclosed the following categories of personal information for our business or commercial purposes:

• Identifiers, such as your name, email address, or IP address.
• Categories of personal information described in subdivision (e) of California Civil Code Section 1798.80, such as your name, address, phone number, and employment history.
• Characteristics of protected classifications under California or federal law, such as your age or sex.
• Internet or other electronic network activity information, such as cookies, web logs, and information about how you use our website.
• Inferences drawn from any of the information listed above.

We may have shared any of the information listed above with:

• Data analytics providers.
• Other service providers.

We disclose your personal information for the purposes listed under “How We Use Your Information” in our Privacy Policy.

YOUR RIGHTS

Right to Know

California residents have the right to request that we disclose certain information about our collection and use of your personal information over the past twelve months (“Right to Know”). Once we receive and confirm your verifiable consumer request, we will disclose to you:

• The categories of personal information we collected about you.
• The categories of sources for the personal information we collected about you.
• The categories of personal information that we have disclosed for a business or commercial purpose.
• Our business or commercial purposes for collecting or selling personal information.
• The categories of third parties with whom we share that personal information.
• The specific pieces of personal information we collected about you (i.e., a data portability request).

Right to Delete

California residents have the right to request that we delete the personal information that we collected from you and retain, subject to certain exceptions (“Right to Delete”). Once we receive and confirm your verifiable consumer request, we will delete (and direct our service providers to delete) your personal information from our records, unless an exception applies.

Right to Opt-Out of Sale

The CCPA provides California residents with the right to opt-out of the sale of their personal information.

We do not sell your personal information.

Right to Nondiscrimination

The CCPA provides California residents with the right not to receive discriminatory treatment for the exercise of their privacy rights conferred by the CCPA. We will not discriminate against you for exercising any of your CCPA rights.

EXERCISING YOUR RIGHTS

If you are a California resident and wish to request for us to provide you with your Right to Know or Right to Delete, you may submit a request to us by emailing us at privacy@sante.com.

Upon receiving a request from you, we will first verify your identity by asking you to provide your name, phone number, and email address. We will confirm your identity by matching the information you provide with what we have on file. We may ask you for additional information to verify your identity or to comply with your request.

You may authorize an agent to make a request on your behalf. To designate an agent, please provide a written and signed document by both you and the agent that authorizes the agent to act on your behalf. You may also use a power of attorney. We will still require you to provide sufficient information to allow us to reasonably verify that you are the person about whom we collected personal information.

HOW TO CONTACT US

Should you have any questions or concerns about this California Privacy Addendum, you can contact us at privacy@sante.com or 201 W 5th Street. Suite 1500 | Austin, TX 78701.

DISCLAIMER

Effective Date: May 7, 2020

The information contained herein is confidential information regarding Santé Capital Management, LP, SHMVS, LLC and their affiliates (“Santé,” “we,” “our,” or “us”). Material presented herein is believed to be reliable, but none of Santé or any of its affiliates or employees makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein shall be relied upon as such or as a promise or representation as to the past or future performance of any funds or accounts managed by Santé (the “Funds”). Information and opinions are as of the date stated above only and are subject to change without notice. Santé has no obligation to inform the recipient when information contained herein changes or is updated. Additional information is available on request. You acknowledge that any of your requests for information are unsolicited and information provided or made available by Santé shall neither constitute nor be construed as investment advice from Santé to you or to form an investment advisory relationship, or any other client relationship between you and Santé. Santé is not responsible for any damages or loss related to the use of the website or any materials contained herein or from any computer virus, malfunction or other failure.

The content and information contained on Santé’s website has been prepared solely for informational purposes and do not constitute investment advice, or legal or tax advice, or an offer to buy or sell or a solicitation of any offer to buy or sell any security or to participate in any trading strategy. If any offer of securities is made, it shall be made pursuant to a definitive offering memorandum (the “Offering Memorandum”) prepared by or on behalf of the relevant Fund that would contain material information not contained herein and that would supersede this information in its entirety. Any investment in any privately offered investment product involves a high degree of risk and is suitable only for sophisticated investors. Any decision to invest in the securities of any Fund should be made after reviewing the applicable definitive Offering Memorandum, conducting such investigations as the investor deems necessary and consulting the investor’s own legal, accounting, and tax advisors in order to make an independent determination of the suitability and consequences of an investment in the securities. The information contained herein is not intended for distribution to or use by any person in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

This material is intended only to facilitate your discussions with Santé as to the opportunities available to our clients, is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate investment strategies depend upon the client’s investment objectives. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the Funds described on the website.

HOW TO CONTACT US

Should you have any questions or concerns, you can contact us at privacy@sante.com or 201 W 5th Street. Suite 1500 | Austin, TX 78701.