Terms of Use

LAST CHANGED: January 10, 2008

TERMS OF USE

1. Introduction

YOUR USE OF THIS WEBSITE (WWW.ZAAM.COM) IS EXPRESSLY CONDITIONED UPON YOUR ACCEPTING AND AGREEING TO THESE TERMS OF USE AND OUR PRIVACY POLICY AND YOUR USE OF THE WEBSITE WILL BE DEEMED TO BE ACCEPTANCE THEREOF.

IF THESE TERMS OF USE ARE NOT COMPLETELY ACCEPTABLE TO YOU, YOU MUST IMMEDIATELY TERMINATE YOUR USE OF THIS WEBSITE.

You may print a copy of these Terms of Use for your records at any time by using the "print" function on your internet browser.

These Terms of Use ("Terms of Use") describe the terms and conditions applicable to your access and use of this website (the "Website"), which is owned, operated and controlled by Zurich Alternative Asset Management, LLC ("ZAAM", "we", "us", or "our").

ZAAM may, at any time, for any reason and without notice, make changes to (i) this Website, including its look, feel, format, and content (ii) to the extent applicable, the products and/or services as described in this Website and (iii) these Terms of Use. Any modifications will take effect when posted to the Website. Therefore, each time you access the Website, you need to review the Terms of Use upon which access and use of this Website are conditioned. By your continuing use of the Website after changes are posted, you will be deemed to have accepted such changes.

This Website is not directed to any person or entity in any jurisdiction where (by reason of nationality, residence, citizenship or otherwise) the publication or availability of the Website and its content are unavailable or otherwise contrary to local laws or regulations. If this applies to you, you are not authorized to access or use any of the information on this Website. ZAAM makes no representation that the information or other content on the Website (collectively, "Content") is appropriate outside of the United States. Those who choose to access this Website from other locations do so at their own risk and are responsible for compliance with applicable local laws.

2. Scope of Use and User E-Mail

You are only authorized to view, use, copy for your records and download small portions of the Content of this Website for your informational, non-commercial use, provided that you leave all the copyright notices, including copyright management information, or other proprietary notices intact. You may not store, modify, reproduce, transmit, reverse engineer or distribute a significant portion of the Content on this Website, or the design or layout of the Website or individual sections of it, in any form or media. The systematic retrieval of data from the Website is also prohibited.

E-mail submissions over the Internet may not be secure and are subject to the risk of interception by third parties. Please consider this fact before e-mailing any information to us. Also, please consult our Internet Internet Privacy Policy at Section 4 in these Terms of Use. You agree not to submit or transmit any e-mails or materials to us through this Website that (i) are defamatory, threatening, obscene or harassing, (ii) contain a virus, worm, Trojan horse or any other harmful component, (iii) incorporate copyrighted or other proprietary material of any third party without that party's permission or (iv) otherwise violate any applicable laws. ZAAM shall not be subject to any obligations of confidentiality regarding any information or materials that you submit to us through this Website.

The commercial use, reproduction, transmission or distribution of any information or content available through the Website without the prior written consent of ZAAM is strictly prohibited.

3. Copyrights and Trademarks

The Website is protected by copyright as a collective work and/or compilation, pursuant to U.S. copyright laws, international conventions and other laws. "Zurich", "Zurich Financial Services Group", "ZAAM", "Zurich Alternative Asset Management, LLC" and certain other marks displayed on this Website are trademarks owned by ZAAM and/or our affiliates. Unless otherwise indicated, the Content, including, but not limited to, graphic images, buttons, layout, trademarks, service marks, logos, text, and other materials contained in this Website, are the exclusive property of ZAAM or its third party licensors. Except as expressly provided under the "Scope of Use" Section above, you may not use, reproduce, modify, transmit, distribute or publicly display any Content available through this Website without the prior written permission of ZAAM. You may not use, frame or otherwise any portion of this Website on any other website, without ZAAM's prior written consent.

4. Privacy Policy

LAST CHANGED: January 10, 2008

Internet Privacy Policy

The nature of our business requires a relationship of respect with the users of the Website. As with other companies that maintain Internet sites, we want you to know about our Internet privacy practices. The following statement sets forth our current practices and applies to www.zaam.com and any other sites that are owned, operated and controlled by ZAAM. Changes to this Internet Privacy Policy may be made at any time, as described herein. Any other sites that are owned, operated and controlled by our affiliates (including Zurich America Insurance Company) have their own internet privacy practices set forth on their respective websites.

Changes to this Internet Privacy Policy may be made at any time for any reason and without notice to you. By using this Website you accept this Privacy Policy. Any modifications take effect when posted to the Website. By continuing use of the Website after changes are ported, you will be deemed to have accepted such changes

Our Use of Personal and Non-Personal Information

We may collect two kinds of information about our Website users: personal and non-personal information. Personal information is information that can identify an individual personally, such as name, address or policy information. We may collect personal information, but only when it is voluntarily offered and solely for purposes that are clearly identified on the Website.

Non-personal information is collected to track the total number of guests visiting www.zaam.com and to guide our efforts to improve the Website. To achieve these improvements, the Website, like many websites, may use "cookies" (a small text file placed on the user's hard drive) to facilitate site navigation, maintain quality of online service, provide additional security, and allow the customization of your access to the Website. Cookies themselves do not enable us to access any personal information about our users; however, they would allow us to analyze use of the Website. Any"cookies" automatically collect information about your computer hardware and software, which can include browser type, access times and Internet Protocol (IP) address. The Website does not use "cookies" to collect information for distribution to third parties for any purpose, nor would it use "cookies" to secure information from other websites you may visit.

We may personalize your user experience by using information about your interests to recommend other sites that might be of interest to you; we may also monitor user traffic patterns and site usage to help provide enhancements to its services. We reserve the right, in connection with (i) a request, court order, subpeona or investigation by any governmental body, governmental agency, stock exchange or self-regulatory industry organization or (ii) our efforts to investigate, prevent or take other action regarding possible illegal activities, suspected fraud, potential threats to public safety, material violations of these Terms of Use, and pursuant to law, to reveal any information collected through this Website regarding users of our services.

5. Links

This Website may offer links to other websites operated by other entities as a convenience to you in the belief that making hyperlinks available to publicly accessible web pages and newsgroups is legally permissible and consistent with the common, customary expectations of those who make use of the Internet. ZAAM makes no representation regarding the content or accuracy of any website that you may access through this Website. ZAAM does not monitor and is not responsible for the content found on other websites that are linked from this Website. Inclusion of these links on this Website does not imply endorsement, recommendation or sponsorship for any linked website or the services, products or advice described on the site. Accordingly, ZAAM assumes no responsibility or liability for the content of any linked sites. Before entering any linked site, you should review and understand that site's privacy policy. You may not link to this Website without ZAAM's written permission. If you are interested in linking to this Website, please contact zaam@zurich.com

6. No Warranties

THE WEBSITE, AND ANY CONTENT DISPLAYED ON IT, ARE PROVIDED TO YOU ON AN "AS IS," "AS AVAILABLE" BASIS WITHOUT WARRANTY OF ANY KIND WHETHER EXPRESS, STATUTORY OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, AND NON-INFRINGEMENT, ALL OF WHICH ZAAM EXPRESSLY DISCLAIMS. ZAAM DOES NOT ENDORSE AND MAKES NO WARRANTY AS TO THE ACCURACY, COMPLETENESS, CURRENCY, OR RELIABILITY OF THE CONTENT, AND ZAAM WILL NOT BE LIABLE OR OTHERWISE RESPONSIBLE FOR ANY FAILURE OR DELAY IN UPDATING THE WEBSITE OR ANY CONTENT. WE HAVE NO DUTY TO UPDATE THE CONTENT OF THE WEBSITE. ZAAM MAKES NO REPRESENTATIONS OR WARRANTIES THAT USE OF THE CONTENT WILL BE UNINTERRUPTED OR ERROR-FREE. YOU ARE RESPONSIBLE FOR ANY RESULTS OR OTHER CONSEQUENCES OF ACCESSING THE WEBSITE AND USING THE CONTENT, AND FOR TAKING ALL NECESSARY PRECAUTIONS TO ENSURE THAT ANY CONTENT YOU MAY ACCESS, DOWNLOAD OR OTHERWISE OBTAIN IS FREE OF VIRUSES OR ANY OTHER HARMFUL COMPONENTS. SOME STATES DO NOT ALLOW THE DISCLAIMER OF IMPLIED WARRANTIES, SO THE FOREGOING DISCLAIMER MAY NOT APPLY TO YOU. YOU MAY ALSO HAVE OTHER LEGAL RIGHTS THAT VARY FROM JURISDICTION TO JURISDICTION.

7. Governing Law

These Terms of Use and Privacy Policy shall be governed in all respects by the laws of the State of New York USA, without reference to its choice of law rules. If an applicable law is in conflict with any part of the Terms of Use, the Terms of Use and Privacy Policy will be deemed modified to conform to the law. The other provisions will not be affected by any such modification.

8. Termination

ZAAM may terminate the right of any user to access the Website at any time, with or without cause, in ZAAM's absolute discretion and without notice. Any statement in these Terms of Use or elsewhere on the Website of specific grounds for termination of a user's right to access the Website shall in no manner limit ZAAM's absolute right to terminate any user's access to the Website.

9. Separate Agreements

You may have other agreements with ZAAM or its affiliates. Those agreements are separate and in addition to these Terms of Use. These Terms of Use do not modify, revise or amend the terms of any other agreements you may have with ZAAM, or with any other company within the Zurich Financial Services Group.