GENERAL DISCLAIMER

This website is not directed at prospective investors in any jurisdiction. The information on this website does not constitute the provision of investment, tax, legal or other professional advice. Prospective investors should not rely on any of the information on this website to make any investment decision and should, in consultation with their professional advisors, review only formal offering materials in connection with any investment. Nothing in this website should be considered an offer of securities or the solicitation of an offer to acquire securities in any vehicle managed by Madryn Asset Management, LP (“Madryn”, “we”, or “us”) or in any other issuer.

You are responsible for confirming that your review of this website is in accordance with applicable law, and you should not visit this website if contrary to the law in your jurisdiction. This website does not purport to represent a comprehensive discussion of all material matters, and Madryn makes no representation that the information or opinions contained in the website are accurate, reliable or complete.

NO SOLICITATION

This website is for informational purposes only and nothing which appears on this website should be construed as a solicitation or offer by us, or a recommendation to acquire or dispose of any investment or to engage in any other transaction.

Users of this website should be aware that Madryn provides investment advice only for the funds that it manages assets for and does not advise any other person. Therefore, Madryn will not be responsible to any user of this website or any other person for providing the protection afforded to clients of Madryn or for advising any person or any transaction pursuant to any information on this website.

NO REPRESENTATION OR WARRANTY

While we take reasonable steps to ensure that the information provided on this website is reliable, we make no representation that such information is accurate, reliable or complete. We provide such information only for your private or domestic use and we may change the contents of this website without notice. Nothing contained in this website constitutes advice of any type whatsoever (including without limitation, investment, legal, tax or otherwise) and it is not to be relied on in making an investment or other decision. You should obtain independent and appropriate professional advice before making any investment decision.

We do not make any warranties (whether express or implied) of any kind whatsoever in respect of this website or any information contained on it. As a result, we do not accept any continuing obligation or responsibility in respect of any errors, omissions, interruptions or delays in service which may occur. Additionally, we have no responsibility for, and are not liable for any damages that result from viruses or other malicious code that may affect your computer equipment, your data, network or other property on account of your accessing, using, or viewing this website, or that result from any materials downloaded or copied from this website.

OWNERSHIP OF THE WEBSITE

This website and all material contained within it is subject to copyright with all rights reserved. The copyright and all other rights in all of the material on this website are owned by Madryn as specified on the relevant web page or the material is included with the permission of the rights owner. You may reproduce material on this website for your own private or domestic use only. You may download or reproduce in hard copy individual pages and/or sections of the Website, but you must not remove any copyright or proprietary notices in doing so. Such reproduction will not transfer title to any software or material to you. You may not, without our prior written permission, reproduce (wholly or partially), transmit (by any means whatsoever), modify, link into or use for any public or commercial purpose any material provided on the website.

CONFIDENTIALITY NOTICE

The information we provide on this website may be accessible to third parties by means of the Internet or otherwise. Any communications made by you on or through this website may not be secure and you should not treat them as private. Please do not transmit any confidential information to or through this website.

THIRD PARTY LINKS

This website may contain links to third party sites. Access to any other Internet site linked to this website is at the user’s own risk and we are not responsible for the accuracy or reliability of any information, data, opinions, advice or statements made on these sites. These links are provided as a convenience and the inclusion of such links does not imply an endorsement.

PERFORMANCE OF INVESTMENTS

The value of investments may fall as well as rise and investors may not get back the full value of their original investment. Previous performance of investments may not accurately indicate the future performance of such investments. Changes in rates of foreign exchange may cause the value of the investments to go up or down.

Case studies are provided for illustrative purposes only to demonstrate to our potential targets and transactional partners our typical investment processes or representative transactions and the potential effects on the management and operations of our portfolio companies. The case studies do not necessarily reflect the overall results of our investment processes or other transactions. On request, where we deem appropriate, we would be pleased to consider providing similar information on any of the other transactions in which we have been involved. It should not be assumed that investments and the results of our management activities will be profitable or will have results similar to those described in the case studies. Past performance is not indicative of future results. No representation is made that any investment or transaction will or is likely to have similar results or that significant losses will be avoided.

DISCLOSURE REGARDING TITLES AND REFERENCES

Although certain individuals may be identified on this website, including, without limitation, as “Partners,” “Principals”, “Vice Presidents” and “Associates”, such titles reflect business usage that is customary within the private investment fund industry and are not intended to indicate that a particular individual is actually a partner or general partner of any partnership as those terms are used for legal purposes and references to such individuals on this website should not, in and of itself, be interpreted, or construed, to mean or imply that such individuals have the authority to manage the affairs and operations of Madryn. The identification of, or references to, “Operating Partners”, “advisors”, and “executives,” among others, on this website should not be interpreted, or construed, to mean or imply that such individuals are employees of Madryn or are under Madryn’s supervision or control.

MODIFICATION OF TERMS

We reserve the right to modify these terms at any time. Please review these terms periodically for changes. Your continued use of this website after the posting of changes constitutes your binding acceptance of such changes.