The information contained on this website (www.ensocapital.com or the "Website") is confidential and proprietary to Enso Capital Management, LLC ("Enso Capital") and the private investment funds and accounts it manages.  Fund specific information on the Website is being provided solely to those investors in our funds and others who are duly authorized users ("Authorized Users"), in confidence, on the understanding that Authorized Users will observe and comply with the terms and conditions set forth in this paragraph and the paragraphs below.  Use of the Website constitutes an agreement to be bound by such terms and conditions and to comply with all notices posted on the Website.

This Website and the information contained herein may not be reproduced, disseminated, provided or disclosed to others, or used for any other purpose, without prior written authorization from Enso Capital.  In exercising limited rights to use the Website, Authorized Users agree to take reasonable steps to prevent disclosure of their user identification, password and other confidential information relating to their use of the Website.  Any use of the Website by an unauthorized person, or use by any person not in accordance with the terms and conditions contained herein, is strictly prohibited.

The information contained in this Website has been prepared by Enso Capital and has been compiled based upon information obtained from sources known to be reliable and in good faith.  However, no guarantee, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness.  We do not represent or endorse the accuracy or reliability of any of the information or content distributed through, or linked, downloaded or accessed from any of the services contained on this Web site, nor the quality of any products, funds, information or other materials displayed, invested in, or obtained by you as a result of any information in or in connection with this Website.  You hereby acknowledge that you are an accredited investor and any reliance upon any materials shall be at your sole risk.  We reserve the right, in our sole discretion and without any obligation, to make improvements to or correct any error or omissions in any portion of the content of this Website.  All information, return figures (historical and/or current) and forecasts are subject to change without notice to you.  The past performance of any funds mentioned herein is not intended to be complete and the information contained in this Website is not, and should not be construed as, an offer or solicitation of any kind to buy or sell any securities or other financial instruments or any kind of recommendation or advice.

Each time you use the website, your use indicates your full acceptance of, and agreement to abide by, the Website's terms and conditions in their then current form.  If you do not accept the terms and conditions stated herein, do not use the Website.

The Website, including all content, is provided "as-is" and "as available."  Nothing on the Website is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy.  We do not give any advice or make any representations through the Website as to whether any security or investment is suitable to you or will be profitable.  Nothing on the Website is intended to be, and you should not consider anything on the Website to be, investment, accounting, tax or legal advice.  If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants or attorneys regarding your individual circumstances and needs.  THE PAST PERFORMANCE OF ANY INVESTMENT, INVESTMENT STRATEGY OR INVESTMENT STYLE IS NOT INDICATIVE OF FUTURE PERFORMANCE.