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PLEASE READ THESE USER TERMS AND CONDITIONS CAREFULLY BEFORE USING THE WEBSITE. EACH TIME YOU USE THE WEBSITE, YOUR USE INDICATES YOUR FULL ACCEPTANCE OF AND AGREEMENT TO ABIDE BY THE FOLLOWING TERMS AND CONDITIONS IN ITS THEN CURRENT FORM. IF YOU DO NOT ACCEPT THE TERMS AND CONDITIONS STATED HEREIN, DO NOT USE THE WEBSITE.

VARDON CAPITAL MANAGEMENT, LLC’S LIABILITY WITH RESPECT TO THE WEBSITE AND ITS CONTENT IS LIMITED TO THE MAXIMUM EXTENT PERMITTED BY LAW.

Although the Website may include investment-related information, 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. You also may contact Vardon if you have investment-related questions by calling 212-626-6300 Monday through Friday between 9:00 a.m. and 5:00 p.m. (EST). THE PAST PERFORMANCE OF ANY INVESTMENT, INVESTMENT STRATEGY OR INVESTMENT STYLE IS NOT INDICATIVE OF FUTURE PERFORMANCE.