Use of this website of Denham Capital Management LP (“DCM”) and access to the material contained herein is subject to the following terms and conditions as well as all applicable laws. The information provided on this site or in any communication containing a link to this site 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 or which would subject DCM or its affiliates to any registration requirement within such jurisdiction or country. Your access to and browsing of the website constitutes your full acceptance of these terms and conditions. If you do not agree to abide by these terms and conditions, please exit the site immediately and do not use this website. All material on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing on this site constitutes professional and/or financial advice, nor does any information on this site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. No action should be taken or omitted to be taken in reliance upon information on this site. Advice from a suitably qualified professional should always be sought in relation to any particular matter or circumstance.

Nothing on this site constitutes or forms a part of any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied upon in any connection with any contract or commitment whatsoever. DCM and its affiliates do not offer investment advisory services to the public.

THIS WEBSITE AND THE INFORMATION CONTAINED HEREIN ARE PROVIDED “AS IS”. NEITHER DCM NOR ANY OF ITS AFFILIATES IS PROVIDING ANY WARRANTIES AND REPRESENTATIONS REGARDING THIS WEB SITE. DCM AND ITS AFFILIATES DISCLAIM ALL WARRANTIES AND REPRESENTATIONS OF ANY KIND WITH REGARD TO THIS WEB SITE, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, FREEDOM FROM VIRUSES OR OTHER HARMFUL CODE, OR FITNESS FOR A PARTICULAR PURPOSE. DCM AND ITS AFFILIATES DO NOT WARRANT THE ACCURACY, ADEQUACY OR COMPLETENESS OF THE INFORMATION AND MATERIALS CONTAINED ON THE WEB SITE AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE MATERIALS AND INFORMATION.

DCM cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose. Neither DCM, nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of DCM or of any vendor providing software or services support. In no event will DCM, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if DCM or any other party have been advised of the possibility thereof and regardless of the form of action, whether in contract, warranty, tort (including negligence), strict liability or otherwise. In the United States of America, DCM operates as an SEC-registered investment advisor.

In the United Kingdom, this document is issued by Denham Capital Management UK LLP (“DCM UK”), a firm authorized and regulated by the Financial Conduct Authority.

UK Legal Information

The information on this website has been approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by DCM UK. DCM UK is authorized and regulated by the Financial Conduct Authority in the United Kingdom.

DCM UK provides services solely to DCM, whose clients are the funds managed by it. No person other than DCM should expect to be treated as a client by DCM UK. DCM UK will not provide any investment services to any person other than DCM and/or advise any person other than DCM on the merits of, and/or make any recommendations to any person other than DCM in relation to the terms of, any transaction. Therefore, DCM UK is not responsible for providing you with protections afforded to its clients, and you should seek your own independent legal, investment and tax advice as you see fit.

Information Submitted to DCM

Please do not send any information to DCM that constitutes a trade secret or is confidential or proprietary. DCM cannot agree to obligations of confidentiality or non-disclosure with regard to information submitted to us. By submitting information or materials to DCM, you and anyone acting on your behalf, agree that any such information or materials will not be considered confidential or proprietary. DCM is not obligated to review any information or materials sent to us, DCM reserves the right to reject information or materials in its sole discretion and DCM will be under no obligation to return any information or materials to you. It is possible that DCM will receive a number of similar plans and ideas; you understand that your idea may have previously been submitted to DCM and may be under our consideration. In no event will DCM be limited or restricted from pursuing any opportunities with others.

Electronic Communications

When you visit our site or send e-mails to us, you are communicating with us electronically. You consent to receive communications from us electronically. We may communicate with you by e-mail or through other electronic means. You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.

Privacy

Please review our Privacy Policy, which also governs your visit to DCM site, to understand our practices.

Copyright

All material on this site is copyrighted by Denham Capital Management LP 2007-2017. All rights reserved. Other than as necessary for the purpose of viewing the site in the course of a business it is strictly forbidden to copy any material on this site for commercial use or to republish any or all of the contents of this site on a proxy server, cache or other similar form of storage. If you download any information or software from this site for personal use, you agree that you will not copy it or remove or obscure any copyright or other notices or legends contained in any such information.

Trademark

Denham Capital Management ® and other DCM graphics, logos, page headers, button icons, scripts and service names are trademarks or trade dress of DCM in the U.S. and/or other countries. DCM’s service marks or trademarks may not be used in connection with any product or service that is not DCM’s, in any manner that is likely to cause confusion among customers, or in any manner that disparages or discredits DCM. All other trademarks not owned by DCM that appear on this site are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by DCM.

Local Restrictions

Legal requirements in various countries and jurisdictions which may restrict the information which DCM can lawfully provide the user. Persons into whose possession the information in this web site comes should inform themselves about and observe any restrictions imposed in the jurisdiction in which the web site is accessed.

Applicable Law

By visiting DCM’s site, you agree that the laws of the state of Massachusetts, without regard to principles of conflict of laws, will govern these Terms of Use and any dispute of any sort that might arise between you and DCM.