Contact

eCAPITAL
entrepreneurial Partners AG
Hafenweg 24
48155 Münster
Telefon: 0251 703767-0
Telefax: 0251 703767-22
kontakt
Advisory Board:
Dr. Paul Bösken-Diebels (Chairman)

Management:
Bachelor of commerce Dr. Paul-Josef Patt,
Dr. Michael Lübbehusen,
Thomas Merten

HRB 9712 Amtsgericht Münster


Terms and conditions

1. The terms and conditions set out below apply to your use of eCAPITAL's websites. Please read them. Specific terms apply to any use you make of the search feature of eCAPITAL's portfolio database on www.ecapital.de and these are set out in paragraphs 16-22 below.

2. "eCAPITAL" means eCAPITAL entrepreneurial Partners AG and includes, but is not limited to, the text, images, links, sounds, graphics and video sequences displayed in the website (the "Materials").

3. By accessing the eCAPITAL Website you agree that you have read and accept these terms and conditions. If you do not agree, do not use the eCAPITAL Website.

eCAPITAL entrepreneurial Partners AG
4. Nothing on the eCAPITAL Website or in the Materials constitutes or is intended to constitute financial or other advice and you should not act upon any information contained on the eCAPITAL Website or in the Materials without first consulting a financial or other professional adviser.

US Residents

5. Special rules are applicable when US residents and other US persons access the eCAPITAL Website. eCAPITAL is not offering any securities or services in the United States or to US residents through the eCAPITAL website.

6. A "US resident" includes any US person, as well as (i) any natural person who is only temporarily residing outside the United States, (ii) any account of a US person over which a non-US fiduciary has investment discretion or any entity, which, in either case, is being used to circumvent the registration requirements of the US Investment Company Act of 1940, and (iii) any employee benefit or pension plan that does not have as its participants or beneficiaries persons substantially all of whom are not US persons. In addition, for these purposes, if an entity either has been formed or is operated for the purpose of investing in a particular security or obtaining a particular service, or facilitates individual investment decisions, none of the beneficiaries or other interest holders of such entity may be US Residents. Terms used in this paragraph (including the term "US person") have the meanings given to them in Regulation S under the US Securities Act of 1933.

Privacy policy

7. eCAPITAL respects the privacy of every individual who visits eCAPITAL's website and is always careful to ensure that information disclosed to eCAPITAL in confidence is treated confidentially. Please see eCAPITAL's full privacy policy.

Limitation of liability

8. Nothing in these terms and conditions shall be taken to limit or exclude any liability that may not otherwise be limited or excluded under applicable law. Use of the eCAPITAL Website and the Materials are at your sole risk. eCAPITAL will not be liable to any person for any direct, indirect, special or consequential, losses, damages or awards of any kind, howsoever caused, as a result of the use of or inability to use, or reliance on, the eCAPITAL Websites or any of the Materials. eCAPITAL excludes all warranties, conditions, terms, undertakings and representations (excepting fraudulent misrepresentation) of any kind, express or implied, statutory or otherwise in connection with the eCAPITAL Website and the Materials to the fullest extent permitted by law.

Disclaimer

9. The Materials and the eCAPITAL Website are provided on an "as is" and "as available" basis. eCAPITAL gives no warranties (express, implied or statutory) as to satisfactory quality or fitness for purpose of the Materials or that any of the Materials or the eCAPITAL Website will be provided uninterrupted or free from errors or that any identified defect will be corrected. eCAPITAL has the right to suspend or withdraw the provision of eCAPITAL Website or the Material without prior notice at any time. Further, no warranty of any kind is given that the eCAPITAL Website and the Materials are free from any virus or other malicious, destructive or corrupting code, programme or macro. eCAPITAL does not warrant that the eCAPITAL Website or the server(s) that make(s) it available are free of any virus or other harmful elements.

10. Reference in the eCAPITAL Website and/or the Materials to any hypertext link, product, process or service does not imply eCAPITAL's support for, nor endorsement or recommendation of, the provider thereof or the product, process or service to which reference is made. The eCAPITAL Website may contain hypertext links to other websites, resources or other third parties. eCAPITAL is not responsible for the availability of, and accepts no liability in relation to, these external websites or their contents. eCAPITAL is not a sponsor, partner, promoter or publisher of any of such websites.

Copyright and trade marks

11. The Materials are the copyright of eCAPITAL and its third-party licensors and may not be copied, distributed, uploaded, posted, republished, decompiled, disassembled, reverse-engineered or transmitted in any way without the prior, written consent of eCAPITAL. You may, however, download one copy for your personal non-commercial use or non-commercial use within the organisation in which you work on condition that you do not delete or change any copyright, trade mark or other proprietary notice contained in the Materials nor alter the way in which they are presented. Modification or use other than as permitted above violates eCAPITAL's intellectual property rights in the Materials.

12. The trade marks, service marks and logo (the "Trade Marks") used and displayed on the eCAPITAL Website are registered and unregistered Trade Marks of 3i and others. Nothing in these terms and conditions or on the eCAPITAL Website should be construed as granting any licence or right to use any Trade Mark displayed on the eCAPITAL Website. eCAPITAL enforces infringements of its intellectual property rights to the fullest extent permitted by the law.

Further information about eCAPITAL and the eCAPITAL Website

13. The information in the eCAPITAL Website is only for the attention of the residents of jurisdictions where it can be lawfully disseminated.

Governing law

14. The agreement between eCAPITAL and you relating to your use and browsing of the eCAPITAL Website is governed by and shall be construed in accordance with German law. These terms and conditions may not be modified unless eCAPITAL agrees in writing.

Portfolio database terms and conditions

15. Use of the searchable database of eCAPITAL's investment portfolio (the "Database") on www.ecapital.de is subject to the following terms and conditions, in addition to the general terms and conditions of use of the eCAPITAL Website. By using the searchable Database you acknowledge that you have read, understood and agreed to be bound by all of these terms and conditions.

No representations or warranties

16. The Database is not a complete listing of companies in which eCAPITAL is invested. The Database is provided for general information purposes only and should not be used as a basis for making business or investment decisions. eCAPITAL makes no representation and gives no warranties (express, implied or statutory) as to the accuracy, completeness or currency, or as to the fitness for any purpose, of any information provided in the Database and it should not be relied upon as such. The descriptions of the businesses of companies included in the Database have been provided by such companies. Although eCAPITAL has used reasonable efforts to check the content of the Database, eCAPITAL cannot guarantee the accuracy or completeness of such content, which eCAPITAL has included in the Database in good faith. eCAPITAL accepts no responsibility to update any information on the eCAPITAL Websites or in the Database.

No invitation or inducement to engage in investment activity and no financial advice

17. In providing information about eCAPITAL's investment portfolio:

1. eCAPITAL is not communicating and does not intend to communicate any invitation or inducement to any person to make any investment or divestment or to engage in investment activity and is not offering to acquire of dispose of securities;
2. eCAPITAL is not issuing, promulgating or providing any financial or other advice to any person; and
3. eCAPITAL does not intend to make and is not making an offer or solicitation in relation to the shares of eCAPITAL entrepreneurial Partners AG or any company included on the Database.

Intellectual property and copyright in the Database

18. The Database is the intellectual property of eCAPITAL entrepreneurial Partners AG and/or eCAPITAL's third-party service providers. None of the content or data on the Database may be reproduced, transferred, or modified without eCAPITAL's written consent. eCAPITAL may change the information on the Database at any time without notice and may, in its sole discretion at any time, remove all or any part of the Database from the eCAPITAL website.

19. Information contained in the Database is the copyright of eCAPITAL and may not be copied, distributed, uploaded, posted, republished, decompiled, disassembled, reverse-engineered or transmitted in any way without the prior, written consent of eCAPITAL.

Hypertext links in the Database

20. The Database contains hypertext links to websites owned or operated by companies in the investment portfolio. Such links are provided for information only. eCAPITAL is not responsible for the availability or security of these external websites or their contents and accepts no liability for, and gives no endorsement of, material on or other services provided through such websites. Any use of such material or services is at your own risk.

No broker-dealer registrations

21. The information in the Database is provided free of charge and for information only. eCAPITAL is not acting, nor is it seeking to act, as a broker or dealer in respect of the securities of the companies listed in the Database or the information concerning such companies, nor will eCAPITAL receive any compensation for the provision of such information.

Last updated on February 2006