Terms of Use

Terms of Use -

Please read the following terms and conditions (“Terms of Use”) before using the Passport Capital website ("Site"). Your access to and use of the Site is subject to these Terms of Use and all applicable laws and regulations. The Terms of Use constitute a legal agreement between you and the Firm. The Site is available only to, and may only be used by, individuals who can form legally binding contracts under applicable law. By accessing and using the Site, you accept, without qualification, these Terms of Use.

All persons using the Site expressly agree to the foregoing disclaimer as a pre-condition to using this Site for any purpose whatsoever. The materials on the Site including, without limitation, news articles, informational materials and all other manager-specific information, have been prepared for informational purposes only and do not constitute financial, legal, tax or any other advice. All information contained herein is provided "as is" and Passport Capital expressly disclaims making any express or implied warranties with respect to the fitness of the information contained herein for any particular usage, its merchantability or its application or purpose. Prior to making any investment or hiring any investment manager you should consult with a professional financial advisor, legal and tax advisor to assist in due diligence as may be appropriate and determining the appropriateness of the risk associated with a particular investment. In no event shall Passport Capital be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this data. By accessing the password-protected area of this site, you agree not to invest in any posted hedge fund or alternative investment vehicle (other than hedge funds or alternative investment vehicles in which you or your affiliates are already invested, have already been solicited for or are already actively considering an investment in) for thirty (30) days after the approval of your application. Passport Capital reserves the right to terminate, at any time, any registered user's account with Passport Capital (as well as access to the latter's web site), without giving notice or a reason for such termination to the user. Additionally, by accessing the password-protected area of this site, you agree to immediately contact Passport Capital if there is any change in your status as a “qualified client” under Rule 205-3 of the Investment Advisers Act of 1940, as amended.

Nothing in this Site may be considered as an offer or solicitation to purchase or sell securities or other services. If any provision in this Disclaimer Agreement is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect. Users of the Passport Capital Site may view, download and print information and materials on this Site for its personal and internal business use provided that all hard copies contain all copyright and other applicable notices. All information on the Site is subject to confidential treatment and is made available solely for your authorized use in connection with your investment activities.  No user may reproduce, modify, copy, alter in any way, distribute, sell, resell, transmit, transfer, license, assign or publish any information obtained from this Site. Registered Users shall not use this site at any time for any purpose that is unlawful or prohibited and shall comply with any applicable local, state, national or international laws or regulations when using this Site. Passport Capital, and the logos and marks included on the Passport Capital site that identify Passport Capital services and products are proprietary materials. The use of such terms and logos and marks without the express written consent of Passport Capital is strictly prohibited. Copyright in the pages and in the screens of the Site, and in the information and material therein, is proprietary material owned by Passport Capital unless otherwise indicated. The unauthorized use of any material on the Passport Capital Site may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws.

SPECIAL PROVISIONS FOR EUROPEAN USERS

If you are an investor domiciled or having a registered office in a member state of the European Economic Area that has implemented the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) in a manner that imposes disclosure, reporting or other obligations on Passport Capital or its affiliates, you or any other person or entity you represent initiated the discussion, correspondence or other communications with Passport Capital or its affiliates or agents, which resulted in your requesting access to the Site and the information regarding any investment funds sponsored or managed by Passport Capital; and none of Passport Capital or its affiliates or agents at any time directly or indirectly contacted you with respect to the provision of investment services or investment in any investment fund sponsored or managed by Passport Capital or its affiliates prior to such unsolicited initiation of discussions, correspondence or other communications.