The information contained in this website is being made available by Lane Five Capital Management, L.P. ("Lane Five") for the benefit of its existing clients and investors, employees and other persons expressly authorized to receive such information. This website contains confidential, nonpublic information. It is intended only for the use of the individual or entity that has been specifically authorized to view the information. Lane Five authorizes each authorized user to copy electronically or print in hard copy the documents published on this website for internal reference purposes or other non-commercial, personal use, but not for any other use.

The information contained in this website is for information purposes only. This information is intended to supplement information contained in the respective funds' disclosure documents and must be read in conjunction therewith. The information contained on this website should not be construed as financial or investment advice on any subject matter. Lane Five does not warrant the accuracy of the information provided on this website or in any linked site, either expressly or impliedly, for any particular purpose. Lane Five does not warrant or insure that its web site will be free from errors, omissions, interruptions, delays, losses or defects, whether human or mechanical.

The fund described in this website has not been registered under the federal securities laws of the United States, the securities laws of any state, or the laws of any other jurisdiction. This website shall not constitute an offer to sell or the solicitation of an offer to purchase shares of any of the funds in any jurisdiction. Such an offer may only be made by the disclosure document for the relevant fund, and only to investors who meet certain eligibility requirements. You acknowledge that in order to make an investment in a fund managed by Lane Five you will be required to comply with the particular fund's investment requirements.

You acknowledge that the information set forth above is accurate and complete as of the date hereof, and you will promptly notify Lane Five of any material change in such information. You hereby consent to the disclosure of any such information, and any other information furnished to Lane Five, to any governmental authority, self-regulatory organization, or to the extent required by law, to any other person.

You acknowledge that your use of Lane Five's website, including, without limitation, the username and password to the website issued to you and any information that relates to or involves any of the investment funds managed by Lane Five, including information relating the fund's performance, is of a proprietary and confidential nature and that damage to Lane Five and/or the investment funds it manages could result if the information is disclosed to any third party.

In consideration of being permitted access to the Lane Five website, the user hereby acknowledges having read and understood this Agreement and agrees to be bound by its terms and conditions. Subsequent use of any username and password shall be deemed to constitute full acceptance by the user of the terms and conditions of this Agreement. As a condition to this authorization, the user agrees that any copy which he or she makes shall retain all copyright and other proprietary notices contained herein, and that any other use of documents published on this website without prior written approval from Lane Five is strictly prohibited. This agreement shall be governed by, and construed in accordance with, the laws of the State of Maryland.

This privacy policy explains the manner in which Lane Five collects, utilizes and maintains nonpublic personal information about Lane Five's investors, as required under recently enacted Federal legislation. This privacy policy only applies to nonpublic information of investors who are individuals (not entities).

Lane Five collects personal information about its investors mainly through the following sources:

• Subscription forms, investor questionnaires and other information provided by the investor in writing, in person, by telephone, electronically or by any other means. This information includes name, address, nationality, tax identification number, and financial and investment qualifications; and
• Transactions within the Partnership, including account balances, investments and withdrawals.

Lane Five does not sell or rent investor information. Lane Five does not disclose nonpublic personal information about its investors to nonaffiliated third parties or to affiliated entities, except as permitted by law. For example, Lane Five may share nonpublic personal information in the following situations:

• To service providers in connection with the administration and servicing of Lane Five, which may include attorneys, accountants, auditors and other professionals.
• Lane Five may also share information in connection with the servicing or processing of Lane Five transactions;
• To affiliated companies in order to provide you with ongoing personal advice and assistance with respect to the products and services you have purchased through Lane Five and to introduce you to other products and services that may be of value to you;
• To respond to a subpoena or court order, judicial process or regulatory authorities;
• To protect against fraud, unauthorized transactions (such as money laundering), claims or other liabilities; and
• Upon consent of an investor to release such information, including authorization to disclose such information to persons acting in a fiduciary or representative capacity on behalf of the investor.
Lane Five's policy is to require that all employees, financial professionals and companies providing services on its behalf keep client information confidential.

Lane Five maintains safeguards that comply with federal standards to protect investor information. Lane Five restricts access to the personal and account information of investors to those employees who need to know that information in the course of their job responsibilities. Third parties with whom Lane Five shares investor information must agree to follow appropriate standards of security and confidentiality.

Lane Five's privacy policy applies to both current and former investors. Lane Five may disclose nonpublic personal information about a former investor to the same extent as for a current investor.

Lane Five may make changes to its privacy policy in the future. Lane Five will not make any change affecting you without first sending you a revised privacy policy describing the change.