Broyhill Asset Management

WEBSITE TERMS AND CONDITIONS OF USE

PLEASE READ THESE TERMS AND CONDITIONS ("TERMS") CAREFULLY BEFORE USING THE SERVICES DESCRIBED HEREIN. BY UTILIZING THE WEBSITE LOCATED AT www.broyhillasset.com ("WEBSITE"), YOU ACKNOWLEDGE THAT YOU (the "User") HAVE READ THESE TERMS AND CONDITIONS AND THAT YOU AGREE TO BE BOUND BY THEM. IF YOU DO NOT AGREE TO ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, YOU ARE NOT AN AUTHORIZED USER OF THESE SERVICES AND YOU SHOULD NOT USE THIS WEBSITE.

BROYHILL ASSET MANAGEMENT, LLC ("BROYHILL ASSET MANAGEMENT ") RESERVES THE RIGHT TO CHANGE, MODIFY, ADD OR REMOVE PORTIONS OF THESE TERMS AT ANY TIME FOR ANY REASON. WE SUGGEST THAT YOU PERIODICALLY REVIEW THESE TERMS FOR AMENDMENTS. YOU ACKNOWLEDGE THAT BY ACCESSING OUR WEBSITE AFTER WE HAVE POSTED AMENDMENTS TO THESE TERMS, YOU ARE AGREEING TO SUCH TERMS AS MODIFIED.

THIS WEBSITE IS FOR THE USER’S OWN PERSONAL AND/OR INFORMATIONAL USE ONLY AND ANY UNAUTHORIZED USE OF THIS WEBSITE IS STRICTLY PROHIBITED. AUTHORIZED USERS OF THIS WEBSITE INCLUDE ANY USERS VISITING THIS WEBSITE FOR PERSONAL AND/OR INFORMATIONAL PURPOSES, CLIENTS OF BROYHILL ASSET MANAGEMENT, POTENTIAL CLIENTS, BROYHILL ASSET MANAGEMENT EMPLOYEES, EMPLOYMENT CANDIDATES OR USERS SEEKING INFORMATION ABOUT EMPLOYMENT OPPORTUNITIES AT BROYHILL ASSET MANAGEMENT, AND ANY OTHER USERS AUTHORIZED BY BROYHILL ASSET MANAGEMENT.

USE OF THIS WEBSITE BY RECRUITERS, "HEAD HUNTERS," EMPLOYMENT CONSULTANTS OR AGENCIES, PERSONNEL PLACEMENT AGENCIES, PROFESSIONAL SERVICES COMPANIES, EMPLOYMENT CONTRACTORS AND STAFFING AGENCIES SEEKING CURRENT BROYHILL ASSET MANAGEMENT EMPLOYEES AS CANDIDATES FOR PLACEMENT IS STRICTLY PROHIBITED.

No Offer/Local Restrictions

Nothing contained in or on the Website should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. Broyhill Asset Management offers a number of products and services designed specifically for various categories of investors in various countries and regions. Not all products will be available to all investors. These products or services are only offered to such investors, in those countries and regions, in accordance with applicable laws and regulations. The information provided on the Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. All persons and entities accessing the Website do so of their own initiative and are responsible for compliance with applicable local laws and regulations. The Website is not directed to any person in any jurisdiction where the publication or availability of the Website is prohibited, by reason of that person’s nationality, residence or otherwise. Persons subject to these restrictions must not access the Website.

Copyrights

All materials displayed or otherwise contained on this Website, including without limitation, all images, text, articles, programs, photographs, illustrations, and graphics are owned or used with permission by Broyhill Asset Management, or a licensor thereof, and are protected by U.S., and international copyright laws. Any commercial use of these materials by the User is strictly prohibited without the express written permission of Broyhill Asset Management, and nothing contained on this Website should be construed as granting, by implication, estoppel, or otherwise, such permission.

By utilizing this Website, the User agrees not to sell, copy, publish, distribute, transfer, modify, display, reproduce or create derivative works from the materials on this Website for commercial use. The User agrees not to publish, display or redeliver any of the pages, text, images or content of this Website using "framing" or similar techniques. The User also agrees not to publish or maintain a hyperlink to any portion or page of this Website other than to the homepage (www.broyhillasset.com ) unless such hyperlink is for personal use AND is created and transmitted using the "email this page" function of the Website.

Trademarks and Service Marks

All trademarks, service marks, trade names, and logos displayed on this Website (collectively referred to as the "Marks") are proprietary to Broyhill Asset Management or their respective owners, and are protected by U.S. and international trademark laws. Any use of the Marks, or any other Marks owned by or licensed to Broyhill Asset Management without Broyhill Asset Management’s expressed written consent, is strictly prohibited.

Limitation of Liability

THE INFORMATION ON THE WEBSITE IS PROVIDED "AS IS". BROYHILL ASSET MANAGEMENT DOES NOT WARRANT THE ACCURACY OF THE MATERIALS PROVIDED HEREIN, EITHER EXPRESSLY OR IMPLIEDLY, FOR ANY PARTICULAR PURPOSE AND EXPRESSLY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

YOU ACKNOWLEDGE THAT BROYHILL ASSET MANAGEMENT SHALL HAVE NO LIABILITY, CONTINGENT OR OTHERWISE, TO YOU OR TO ANY THIRD PARTIES, OR ANY RESPONSIBILITY WHATSOEVER, FOR THE FAILURE OF ANY CONNECTION OR COMMUNICATION SERVICE TO PROVIDE OR MAINTAIN YOUR ACCESS TO THIS SERVICE, OR FOR ANY INTERRUPTION OR DISRUPTION OF SUCH ACCESS OR ANY ERRONEOUS COMMUNICATION BETWEEN BROYHILL ASSET MANAGEMENT AND YOU. BROYHILL ASSET MANAGEMENT SHALL HAVE NO LIABILITY, CONTINGENT OR OTHERWISE, TO YOU OR TO THIRD PARTIES, FOR THE ACCURACY, QUALITY, TIMELINESS, PERFORMANCE, RELIABILITY, COMPLETENESS OR DELAYS, OMISSIONS, OR INTERRUPTIONS IN THE DELIVERY OF THE DATA AND SERVICES AVAILABLE ON THIS WEBSITE OR FOR ANY OTHER ASPECT OF THE PERFORMANCE OF THIS SERVICE. IN NO EVENT WILL BROYHILL ASSET MANAGEMENT BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES THAT MAY BE INCURRED OR EXPERIENCED ON ACCOUNT OF THE USE OF ANY DATA OR SERVICES MADE AVAILABLE ON THIS WEBSITE, EVEN IF BROYHILL ASSET MANAGEMENT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. BROYHILL ASSET MANAGEMENT SHALL HAVE NO RESPONSIBILITY TO INFORM OR NOTIFY YOU OF ANY DIFFICULTIES EXPERIENCED BY BROYHILL ASSET MANAGEMENT OR ANY THIRD PARTIES WITH RESPECT TO THE USE OF THE SERVICES OR DATA PROVIDED HEREIN.

YOU FURTHER ACKNOWLEDGE THAT NOTHING CONTAINED ON THIS WEBSITE (INCLUDING, BUT NOT LIMITED TO, STRATEGIES AND RESEARCH, DAILY WIRES, AND EDUCATION ARTICLES) CONSTITUTES INVESTMENT, LEGAL, TAX OR OTHER ADVICE, NOR IS IT TO BE RELIED UPON IN MAKING ANY INVESTMENT OR OTHER DECISIONS. YOU SHOULD SEEK PROFESSIONAL ADVICE PRIOR TO MAKING ANY INVESTMENT DECISIONS.

Severability

If any of the provisions of these Terms and Conditions are deemed unlawful or for any reason unenforceable, the same shall not affect the remaining Terms and Conditions, which shall be given full effect, without regard to the invalid portion.

Governing Law

The laws of the State of North Carolina shall govern these Terms and Conditions. The User agrees that any dispute or controversy arising out of these Terms shall be prosecuted exclusively in the state or federal courts in State of North Carolina.

Privacy Policy

Broyhill Asset Management is committed to preserving the confidentiality of all personal and nonpublic information about our clients, potential clients, and employment candidates. By visiting this Website you are accepting and consenting to the provisions set forth in this Privacy Policy. If you do not agree to this Policy, you are instructed not to use this Website.

During your use of this Website, Broyhill Asset Management may collect technical and usage information from you, the User. This technical and usage information may be collected using "cookies" or other similar means. The technical and usage may include the number and frequency of your visits to this Website, information regarding websites accessed immediately before and after your visit to this Website, your Internet browser type, and IP address. The technical and usage information may be used by Broyhill Asset Management to keep you informed about software compatibility issues and upgrades, to assist Broyhill Asset Management’s web design team in maintaining and improving this Website, and to enhance and/or personalize your visits to this Website. Broyhill Asset Management will not disclose to third parties any information that could be used to identify you personally.

Broyhill Asset Management may also collect and store information voluntarily provided by you, the User, while visiting this Website. User provided information may include client login data or information provided in furtherance of employment at Broyhill Asset Management, including but not limited to your resume or other personal information. Broyhill Asset Management will not sell your personal and/or nonpublic information to anyone. Further, Broyhill Asset Management will not disclose or distribute your personal and/or nonpublic information, except as required or permitted by law. For example, we may provide this information to companies that perform administrative services on our behalf, to securities industry regulators, or in response to a subpoena. With respect to our internal security procedures, Broyhill Asset Management maintains physical, electronic, and procedural safeguards to protect your personal information, and restricts access to this information. Broyhill Asset Management also requires companies that we hire to protect the confidentiality of this information and to use it only to perform the services for which we hired them.

Use of Links

Should you leave this website via a link contained herein, and view content that is not provided by Broyhill Asset Management, you do so at your own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by Broyhill Asset Management. Broyhill Asset Management is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such website, whether actual, alleged, consequential or punitive. Broyhill Asset Management makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content.

SEC Materials

Certain information provided through this website has been filed with the Securities and Exchange Commission ("SEC") (such materials being referred to as "SEC Materials"). Broyhill Asset Management does not assume any duty of disclosure beyond that which is imposed by law and expressly disclaims any duty to update any information set forth in the SEC Materials. Individual statements appearing in the SEC Materials are intended to be read in conjunction with and in the context of the complete SEC Materials in which they appear, rather than as stand-alone statements.

Certain statements included in both the SEC Materials and other public disclosures contained on this website are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of such factors include the performance of financial markets; the investment performance of Broyhill Asset Management’s sponsored investment products and separately managed accounts, general economic conditions, competitive conditions and government regulations, including changes in tax rates. You are cautioned to consider carefully such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; Broyhill Asset Management undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

Corporate Entities

SAMPLE: Bessemer Trust refers to The Bessemer Group, Incorporated and its subsidiary bank and trust companies worldwide. Investment management and fiduciary services are provided in the United States by Bessemer Trust Company, Bessemer Trust Company, N.A., Bessemer Trust Company of California, N.A., Bessemer Trust Company of Delaware, N.A. and Bessemer Trust Company of Florida. Bessemer Trust Company (Cayman) Limited and Bessemer Group (U.K.) Limited provide such services in the Cayman Islands and the United Kingdom, respectively.

FDIC Disclaimer

SAMPLE: Securities (including shares of mutual funds), alternative investments, and other investment products are not bank deposits and are not insured by the FDIC or any other agency of the United States, nor are they obligations of, or insured or guaranteed by, Bessemer Trust or any of its subsidiaries or affiliates. Securities (including shares of mutual funds) and other investments involve investment risks, including the possible loss of value. The information and materials contained in this website - and the terms of the access to and use of such information and materials - are subject to change without notice. Your eligibility for particular investment options or services is subject to final Bessemer Trust determination and acceptance.

SEC Materials

Corporate Entities