Introduction

By accessing, using or browsing this website and any pages thereof, you agree that you have read, understood and agree to be bound by these Terms of Use and to comply with all applicable laws, rules and regulations.

These Terms of Use may be revised from time to time. If we revise these Terms of Use, we will post the revised version on this website. The revisions will be effective immediately. Please reread these Terms of Use in the future from time to time for changes. By using this website after we have changed the Terms of Use, you will be deemed to have accepted the changes. If, for any reason, you do not agree to abide by our Terms of Use, please do not use this website.

Further, we may change this website at any time to add or remove information, features or operations in our sole discretion, and without liability to any user.

Redline Capital Management S.A.

References on this website to “Redline”, “we” or “our” (or anything analogous to the foregoing) are to Redline Capital Management S.A. or the Fund (as defined below) and may include, as relevant, the subsidiaries and/or affiliates of Redline Capital Management S.A or the Fund, depending on the context.

Redline Capital Management S.A. is a management company subject to chapter 16 of the Luxembourg act of 17 December 2010 on undertakings for collective investment, as amended. The company was incorporated under the form of a public limited liability company (societe anonyme) on 12 February 2008. The registered office of Redline is 26, Avenue Monterey, L-2163 Luxembourg. Redline is registered at the Registre de Commerce et des Societes of Luxembourg under the number B 136789. The initial articles of incorporation of Redline have been filed with the Registre de Commerce et des Societes of Luxembourg and are published in the Memorial C, Recueil des Societes et Associations of 10 March 2008. Redline has been authorised by the Luxembourg financial market authority, the Commission de Surveillance du Secteur Financier. Redline is the management company for a Luxembourg based and regulated fund called the “Redline Capital Fund FCP-FIS” (the “Fund”). The Fund was created in Luxembourg on 12 February 2008 for an unlimited duration and is subject to part I of the Luxembourg act of 13 February 2007 on specialised investment funds, as amended.

Purpose and Content

The purpose of this website is to present Redline and its activities. It should not be considered as constituting a permanent establishment or effective cross-border provision of services. The
information contained on this website is intended solely to provide general guidance on matters of interest for the personal use of the reader, who accepts full responsibility for its use. The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, and the inherent hazards of electronic communication, there may be delays, omissions or inaccuracies in information contained on this website. Accordingly, the information on this website is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting, financial, tax, or other professional advice or services. As such, it should not be used as a substitute for consultation with professional accounting, financial, tax, legal or other competent advisers. Residents of a country which, for reasons linked to their nationality or country of residence, are not allowed to access the websites of foreign management companies must refrain from consulting this website.

No Solicitation, Offer or Advertising

Nothing on this website constitutes a solicitation, advertising or offer by Redline to buy or sell products or services of any kind, including without limitation securities or any other financial instruments of any issuer.

Disclaimer of Warranties; Limitation of Liability; Indemnity

While we have made every attempt to ensure that the information contained on this website has been obtained from reliable sources, Redline is not responsible for any errors or omissions, or for the consequences of using this information. All information on this Site is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the consequences of using this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and/or fitness for a particular purpose. Nothing herein contained shall be taken as a substitute for the independent investigations and the technical and business judgment of the reader. Redline makes no representations or warranties of any kind, express or implied, with respect to this website, any information offered on this website or any transactions that may be conducted on or through the website, including without limitation: (a) the implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement; (b) that this website will meet your requirements, will always be available, accessible, uninterrupted, timely, accurate, secure or operate without error; (c) any implied warranty arising from course of dealing or usage of trade; and (d) any obligation, liability, right, claim or remedy in tort, whether or not arising from the negligence of Redline. To the full extent permissible under applicable law, Redline disclaims any and all such warranties. In no event will Redline, or its affiliates, directors, partners, employees or agents, be liable to you or anyone else for any decision made or action taken in reliance on the information on this website or for any consequential, special or similar damages, even if advised of the possibility of such damages. You agree to indemnify, defend and hold harmless Redline, and any of its affiliates or related entities and the officers, directors, employees, consultants and agents of each of them from any and all third party claims, liability, damages and/or costs, including, but not limited to, reasonable attorney’s fees, arising from your use of our website, your violation of these Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of any person or entity. These Terms of Use will inure to the benefit of Redline and its successors, assigns and licensees.

Third-Party Links

Certain links in this website may connect to other websites maintained by third parties over whom Redline has no control. Redline makes no representations as to the accuracy or any other aspect of the information contained on such other websites, and the links provided to such websites does not serve as a recommendation or approval by Redline of the contents of such websites.

Limited License and Ownership

Redline grants to you a limited license to make personal non-commercial use only of this website. This license expressly excludes, without limitation, any resale or commercial use of this website, the collection and use of any participant information, listings, or any data extraction or data-mining whatsoever, including without limitation the reproduction of images found on this website for any use. You are prohibited from using any mechanism, device, software, script or routine to affect the proper functioning of this website or any service taking place on this website. All content included on this website, such as text, graphics, logos, button icons, images, audio clips, software, messages, posts, data, information or other materials, is the property of Redline or other content owners and suppliers and is protected by applicable national copyright laws and international conventions. You agree not to sell, resell, reproduce, duplicate, copy or use for any commercial purposes any portion of this website, or use of or access to this website.

Relationship with Sistema JSFC

Mr Vladimir Evutshenkov is the founding investor of the fund managed by Redline and the chairman of the board of Redline and is also the majority shareholder and chairman of the board of Sistema JSFC (“Sistema”). Notwithstanding the above and for the avoidance of doubt, Redline and the fund managed by Redline on the one hand and Sistema on the other hand are separate entities with separate governance structures and are not responsible for the debts or obligations of each other. Any potential risks of any conflict of interests as between the entities named above are duly monitored by their governing bodies and addressed by their relevant bylaws and internal regulations as well as other relevant documents including, inter alia, a relationship agreement between Sistema and Redline (the “Relationship Agreement”). The Relationship Agreement (i) provides for Sistema’s pre-emptive rights for certain investment initiatives that Redline may look at and which meet Sistema’s investment strategy criteria (as set forth in detail in the text of the Relationship Agreement); and (ii) includes a “no partnership” clause for the contractual parties.

Data Privacy Protection

Protecting the security and privacy of your personal data is important to Redline. Therefore, we conduct our business in compliance with applicable laws on data privacy protection and data security. The statements regarding data privacy protection outlined in these Terms of Use will help you understand what data Redline may collect, how Redline uses and safeguards that data and with whom we may share it.

Personal Data

Through this website, Redline will not collect any personal data about you (e.g. your name, address, telephone number or e-mail address), unless you voluntarily choose to provide us with this information (e.g. by registration, survey or some other means), provide your consent, or unless otherwise permitted by applicable laws and regulations for the protection of your personal data.

Purpose of Use

When you do provide us with personal data, we usually use it to respond to your inquiry or provide you with access to specific information. Also, we may store and process personal data and share it with our affiliates to better understand your inquiries and how we can improve our website. We do not sell or otherwise transfer your personal data to third parties, except to Redline affiliates.

Purpose Limitation

Redline will collect, use or disclose personal data supplied by you online only for the purposes disclosed to you, unless the disclosure:
– is a use of the personal data for any additional purpose that is directly related to the original purpose for which the personal data was collected, and/or
– is required by law or any competent governmental or judicial authorities, and/or
– is necessary to establish or preserve a legal claim or defense, and/or
– to carry out our obligations arising from any contracts entered into between you and us; and/or
– to notify you about any changes to our service; and/or
– is necessary to prevent fraud or other illegal activities, such as willful attacks on Redline’s information technology systems.

Communications or Utilisation Data

Through your use of telecommunications services to access our website, your communications data (e.g. your internet protocol address) or utilisation data (e.g. information on the beginning, end and extent of each access, and information on the telecommunications services you accessed) are technically generated and could conceivably contain personal data. To the extent that Redline considers it necessary, the collection, processing and use of your communications or utilisation data will occur but will only occur in accordance with the applicable data privacy protection legal framework.

Non-Personal Data Collected Automatically

When you access our website, we may automatically (i.e., not by registration) collect non- personal data, such as the type of Internet browser and operating system used, the domain name of the website from which you came, the number of visits, the average time spent on the site, and the pages viewed. We may use this data and share it with our affiliates to monitor the attractiveness of our website and improve their performance or content.

“Cookies” – Information Stored Automatically on Your Computer

When you view our website, we may store some data on your computer in the form of a “cookie” to automatically recognise your PC next time you visit. Cookies can help us in many ways, for example, by allowing us to tailor our website to better match your interests. If you do not wish to receive cookies, please configure your Internet browser to erase all cookies from your computer’s hard drive, block all cookies or to receive a warning before a cookie is stored.

Governing Law and Jurisdiction

The user’s access to and use of this website, and these Terms of Use including the limitation of liability, are governed by the laws of Luxembourg and the Luxembourg courts shall have exclusive jurisdiction to determine any matter or dispute in connection with use of this website and these Terms of Use.

Further Inquiries

Any Questions, comments or requests relating to this website or these Terms of Use should be directed to Redline’s Managing Directors and should be addressed to: Luxembourg@redline-capital.com