1. AGREEMENT TO TERMS
These Terms and Conditions (“Terms”) constitute a legally binding agreement between you and Achelion Capital Management, LLC (“Achelion Capital,” “we,” “our,” or “us”) governing your access to and use of our website, any associated digital platforms, and all content, materials, and information made available therein (collectively, the “Site”).

BY ACCESSING THE SITE, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS IN THEIR ENTIRETY. If you do not agree to these Terms, you must immediately cease all use of the Site.

Achelion Capital reserves the right to modify these Terms at any time without prior notice. Your continued use of the Site following any such modification constitutes your acceptance of the revised Terms. It is your responsibility to review these Terms periodically.

2. NATURE OF THE FIRM AND THIS SITE
Achelion Capital Management, LLC is a private investment management firm. The Site is maintained for informational purposes only, primarily for audiences including potential employees, researchers, counterparties, industry participants, and individuals and institutions with a legitimate professional interest in the firm.

THE SITE IS NOT INTENDED FOR, AND DOES NOT CONSTITUTE, AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY, INVESTMENT PRODUCT, OR FINANCIAL INSTRUMENT. Nothing contained on this Site should be construed as investment advice, financial advice, legal advice, or tax advice.

Interests in funds managed by Achelion Capital are not available to the general public and are offered exclusively to persons or entities meeting specific eligibility criteria under applicable securities laws, including without limitation, Accredited Investors and Qualified Purchasers as defined under the Securities Act of 1933 and the Investment Company Act of 1940.3.

3. ELIGIBILITY AND ACCESS RESTRICTIONS
This Site is intended solely for persons who are:

• Accessing the Site to obtain general background information about Achelion Capital for legitimate professional or research purposes, and not for the purpose of evaluating or making an investment decision
• Not located in, or accessing the Site from, any jurisdiction where such access or distribution would be unlawful or restricted
• Of legal age and capacity to enter into binding agreements in their jurisdiction

Access to certain restricted areas of the Site may require registration and agreement to additional terms. Achelion Capital reserves the right to deny or terminate access to any user at any time, without notice and in its sole discretion.

The content of this Site has not been submitted to, approved by, or registered with any governmental, securities, or regulatory authority. No governmental authority has reviewed or passed upon the adequacy or accuracy of this Site’s content.

4. NOT INVESTMENT ADVICE; NO OFFER TO INVEST
All content on this Site, including any discussion of investment strategy, market commentary, portfolio construction, or financial concepts, is provided for informational and educational purposes only. Such content:

• Does not constitute investment advice or a recommendation to buy, hold, or sell any security or investment
• Does not account for your individual financial circumstances, investment objectives, risk tolerance, or tax situation
• May not be suitable for all investors and should not be acted upon without independent professional advice
• Does not represent the current or future investment strategy, positioning, or holdings of any fund managed by Achelion Capital

Past performance of any investment strategy, fund, or model referenced on this Site is not necessarily indicative of future results. All investments involve risk, including the possible loss of principal. Investment in private funds involves substantial risks, including illiquidity, lack of transparency, and potential for total loss.

5. INTELLECTUAL PROPERTY
All content on this Site, including but not limited to text, graphics, logos, icons, images, data compilations, software, and the overall structure and design of the Site (collectively, “Content”), is the exclusive proprietary property of Achelion Capital or its licensors and is protected by applicable intellectual property laws, including copyright, trademark, and trade secret law.

You are granted a limited, non-exclusive, non-transferable, revocable license to access and view the Content for personal, non-commercial informational purposes only. This license does not permit you to:

• Copy, reproduce, distribute, transmit, broadcast, display, sell, license, modify, or otherwise exploit any Content for any commercial purpose
• Create derivative works based on the Content
• Frame or mirror any portion of the Site on another website or platform
• Use any data mining, robots, scrapers, or similar automated data extraction tools on the Site
• Remove or alter any copyright, trademark, or other proprietary notices

Any use of the Content beyond the scope of this limited license requires the prior written consent of Achelion Capital. Unauthorized use constitutes infringement and may result in civil and criminal liability.

The Achelion Capital name, logo, and brand elements are trademarks of Achelion Capital Management, LLC. All rights reserved.

6. THIRD-PARTY CONTENT AND LINKS
The Site may contain content sourced from third parties or links to external websites. Achelion Capital does not control, endorse, or verify such third-party content and makes no representations or warranties regarding its accuracy, reliability, or completeness. Access to third-party sites is at your sole risk and subject to those sites’ own terms and policies. Achelion Capital assumes no liability for the content, products, or services of any linked third-party site.

Where third-party information is made available on this Site — including but not limited to media interviews, market commentary, or external reports — Achelion Capital generally will not have independently verified the accuracy of such information, and statements attributed to individuals associated with or separate from Achelion Capital should be understood in the context in which they were made, which may include historical or conversational framing.

7. DISCLAIMER OF WARRANTIES
THE SITE AND ALL CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. ACHELION CAPITAL DISCLAIMS ALL WARRANTIES TO THE FULLEST EXTENT PERMITTED BY LAW, INCLUDING WITHOUT LIMITATION:

• Implied warranties of merchantability, fitness for a particular purpose, and non-infringement
• Warranties regarding the accuracy, completeness, timeliness, reliability, or availability of the Site or its content
• Warranties that the Site will be uninterrupted, error-free, or free from viruses or other harmful components

Information on the Site may become outdated and Achelion Capital undertakes no obligation to update any content unless required by law.

8. LIMITATION OF LIABILITY
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ACHELION CAPITAL, ITS PRINCIPALS, OFFICERS, EMPLOYEES, AGENTS, LICENSORS, AND SERVICE PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES ARISING OUT OF OR IN CONNECTION WITH:

• Your access to or use of (or inability to access or use) the Site
• Reliance on any information contained on the Site
• Any investment decision made based on information available on the Site
• Unauthorized access to or alteration of your data or communications
• Any other matter related to the Site

THIS LIMITATION APPLIES REGARDLESS OF THE LEGAL THEORY UPON WHICH THE CLAIM IS BASED (CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE) AND EVEN IF ACHELION CAPITAL HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

9. INDEMNIFICATION
You agree to defend, indemnify, and hold harmless Achelion Capital and its principals, officers, employees, agents, and licensors from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, and fees (including reasonable legal fees) arising out of or relating to: (i) your violation of these Terms; (ii) your use of the Site or reliance on its content; (iii) your violation of applicable law; or (iv) your infringement of any third-party rights.

10. GOVERNING LAW AND DISPUTE RESOLUTION
These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law provisions. You irrevocably consent to the exclusive jurisdiction and venue of the state and federal courts located in Delaware for the resolution of any dispute arising from or related to these Terms or your use of the Site.

Any claim or cause of action arising out of or related to these Terms must be filed within one (1) year after the cause of action accrued, or it will be forever barred.

11. ELECTRONIC COMMUNICATIONS
By using the Site or submitting information through it, you consent to receive electronic communications from Achelion Capital. You agree that electronic notices, disclosures, and agreements satisfy any legal requirement that such communications be in writing.

12. SEVERABILITY AND WAIVER
If any provision of these Terms is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. Achelion Capital’s failure to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.

13. ENTIRE AGREEMENT
These Terms, together with the Privacy Policy and any other legal notices or agreements posted on the Site, constitute the entire agreement between you and Achelion Capital with respect to your use of the Site and supersede all prior communications, understandings, and agreements relating to the same subject matter.

14. CONTACT INFORMATION
Questions regarding these Terms may be directed to:

Achelion Capital Management, LLC

Legal & Compliance Department

Email: legal@achelion.capital