© 2013 Moringa Partnership SAS. All rights reserved. Disclaimer

The pages on this website (the “Website”) are published by Moringa Partnership. The terms and conditions set forth herein apply to all information, material and content provided on or accessed through the pages of this Website. Please read our terms and conditions of use carefully as by using this Website you confirm your agreement to all of the following terms and conditions without limitation, modification or qualification. We reserve the right to vary the terms and conditions of use at any time and will post any variations here. You are advised to review the terms and conditions of use on a regular basis as you will be deemed to have accepted variations if you continue to use the Website after they have been posted.


All information available through the privileged area (where applicable) of the Website is confidential and proprietary to Moringa Partnership. This includes all investment information and results,

offering materials, financial statements and other information provided through this part of the Website. You will use your best efforts to keep all this information strictly confidential. You will not disclose any of this information to any person or use it for any purpose other than those expressly permitted by Moringa Partnership in writing.


You may only access the privileged area (where applicable) of the Website by using the password that we, Moringa Partnership, have provided. You agree to keep the password confidential, and not to provide it to any other person except your employees, counsel and other professional advisors who have a need to access the information to advise you regarding Moringa Partnership. You will immediately notify us if you become aware of any theft or unauthorized use of the password. You are responsible for any unauthorized use of the password.

Limitation of Liability

Moringa Partnership uses reasonable efforts to include accurate and up to date information on this Website however, errors and omissions may occur. You understand and acknowledge that all information provided on this Website is provided AS IS, AS AVAILABLE and WITH ALL FAULTS and we make no representation or warranty, or give any indemnity, of any kind, express or implied, as to the operation of our Website, the accuracy of the information or any other matters referred to on the Website. You agree that, in consideration for providing you with access to the privileged area of our Website and the information within it, it is reasonable for Moringa Partnership to not be liable for any direct or indirect special, incidental, consequential or punitive damages or lost profits arising from the use of material presented in this Website.

Content and information provided by third parties other than Moringa Partnership is identified clearly where it appears. We publish this content as supplied to us and are not responsible for its accuracy or timeliness. You must take appropriate steps to verify this information before acting upon it.

No Offer of Securities – No solicitation

The Website is for informational purposes only. No information on the Website should be construed as a solicitation, advice, offer, recommendation, representation of suitability or endorsement of any security, investment, product or services. The information provided on this Website should not be relied upon in connection with any investment decision.

This Website is not specifically intended for residents of a country or a jurisdiction in particular and the information it contains is not intended for access or use by any person or entity in any jurisdiction or country where such access or use would be contrary to law or regulation or which would subject Moringa Partnership or its affiliates to any registration requirement, or to be otherwise regulated in any way, within such jurisdiction or country.

In particular, (i) the Website does not constitute and may not be used for or in connection with either an offer to any person to whom it is unlawful to make such an offer or a solicitation (démarchage) by anyone not authorised so to act in accordance with articles L. 341-1 to L. 341-17 of the French Financial Code (Code Monétaire et Financier), (ii) Moringa Partnership and its affiliates will not offer,

sell or otherwise transfer, directly or indirectly, securities to the public in France within the meaning of article L. 411-1 of the French Financial Code (Code Monétaire et Financier) and articles 211-1 et seq. of the General Regulation of the Autorité des Marchés Financiers, and (iii) Moringa Partnership and its affiliates shall not be deemed to provide investment advice within the meaning of articles L. 541-1 et seq. of the French Financial Code (Code Monétaire et Financier) nor any other investment services within the meaning of articles L. 321-1 et seq. of the French Financial Code (Code Monétaire et Financier).

The offerings of securities in entities advised or managed by Moringa Partnership or its affiliates will in any case only be made through Prospectuses, Private Placement Memoranda, Offering Memoranda or Offering Circulars distributed by persons authorized by Moringa Partnership or its affiliates and in compliance with applicable laws.

Performance Data

Any performance data expressed on this Website is an indication of past performance and does not indicate or guarantee future results. Moringa Partnership advises all users of this Website that there is a possibility of loss on all investments and investor principal is not guaranteed. Additionally, Moringa Partnership engages in certain strategies that may involve investments that are illiquid and may be subject to heightened risk of loss, as such these investments may not be suitable for many investors.

This Website has been compiled in good faith by Moringa Partnership; however, no representation or warranty is made as to the completeness or accuracy of the information it contains. In particular, you should be aware that this information may be incomplete, may contain errors or may have become out-of-date. Moringa Partnership makes no commitment, and disclaims any duty, to update such reports. Moringa Partnership reserves the right to add, modify or delete any information at this Website at any time.


Copyright in the content published on this Website is owned by Moringa Partnership, except where otherwise indicated by a third party’s proprietary notice. Unless expressly prohibited by a notice published on any page on this Website, you may make a print copy of such parts of the Website as you may reasonably require for your own personal use. All other use is prohibited.


These terms and conditions shall be governed by and construed in accordance with the laws of England and Wales. Disputes arising in relation to the same shall, unless otherwise expressly agreed, be subject to the exclusive jurisdiction of the Courts of England and Wales.

To the extent that any part of these terms and conditions of use is found to be invalid, unlawful or unenforceable by any court of competent jurisdiction such part shall to that extent be severed from the remaining terms all of which shall remain in full force and effect as permitted by law.