Third Party Provider Terms

Bloomberg

Index Services

The Bloomberg Indices and associated data, Copyright © 2023 Bloomberg Index Services Limited (“BISL”). “Bloomberg®” and the Bloomberg Indices licensed herein (the “Indices”) are service marks of Bloomberg Finance L.P. and its affiliates, including BISL, the administrator of the Indices (collectively, “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material or guarantee the accuracy or completeness of any information herein, nor does Bloomberg make any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, Bloomberg shall not have any liability or responsibility for injury or damages arising in connection therewith.

Center for Research in Security Prices (CRSP)

CRSP - Index Data

CRSP data: ©2023. Center for Research in Security Prices (CRSP®). All rights reserved. 

CRSP® is a registered trademark and service mark of Center for Research in Security Prices, LLC and has been licensed for use by Addepar, Inc.  The Addepar platform is not sponsored, sold or promoted by CRSP®.

The Addepar platform is not sponsored, endorsed, sold, or promoted by the University of Chicago ("University") or The Center for Research in Security Prices ("CRSP®") and neither University nor CRSP makes any representation regarding the Addepar platform or the CRSP data furnished through the Addepar platform, (the "Content"). Unless otherwise agreed to pursuant to a written agreement with CRSP, all Content is provided for internal information purposes only. Users shall not reproduce, distribute, transmit, publish or otherwise transfer, commercially exploit, reverse engineer,

decompile or make any derivative product from the Content. Users shall not use the Content to benchmark, plan, design, create, or otherwise cause the creation of any financial products, including but not limited to any index set which copies, tracks, imitates, or parallels, the performance or methodology of any of the CRSP Investable Indexes, or any financial product, fund, exchange-traded fund or product, collective trust, collective investment scheme, or other investment product. Users shall not use or disseminate the Content in any way which could cause the information so used or

disseminated, in CRSP's sole good faith judgment, to be a source or substitute for the Content or any component of the Content or to create a secondary product.

HFR

HFR Indices and Index Data

You agree to the terms located here: https://info.addepar.com/hfr_terms.html

ICE

ICE Data products

As used below, “Client” means you, the user of the Addepar platform that may have access to ICE Data, to the extent you do have said access.  

1. ICE DATA SERVICES AND ITS SUPPLIERS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO MERCHANTABILITY, FITNESS OR ANY OTHER MATTER AND SHALL HAVE NO LIABILITY TO YOU OR ANY THIRD PARTY FOR ANY ERRORS, OMISSIONS OR MALFUNCTIONS IN THE SERVICES.

2. Client acknowledges that the Services are intended for use by institutional investors, registered brokers,professionals and others of similar sophistication and experience.

3. Client accepts responsibility for, and acknowledges it exercises its own independent judgment in, its selection of any of the Services, its selection of the use or intended use of such, and any results obtained. Nothing contained herein shall be

deemed to be a waiver of any rights existing under applicable securities law.

4. Client shall indemnify ICE Data Services and its suppliers against and hold ICE Data Services harmless from any and all losses, damages, liability, costs, including attorney's fees, resulting directly or indirectly from any claim or demand against

ICE Data Services or its suppliers by a third party arising out of or related to any Services received by Client, or any data, information, service, report, analysis or publication derived therefrom. Neither ICE Data Services nor its suppliers shall be liable for any claim or demand against Client by a third party.

5. ICE Data Services and its third party suppliers shall constitute third party beneficiaries hereunder.

6. Unless otherwise agreed to in writing, the Data may be used by Client solely for their internal use and benefit within the Approved Product(s). Use of the Data expressly excludes, without limitation, the following, unless express prior

authorization, in writing, by ICE Data Services:

• Use to create or assist in the creation of any index

• Use for fund valuation purposes, including but not limited to, fund accounting, net asset value and indicative net asset value calculations

• Use in the construction of a security master or cross-reference database

• Further dissemination in any form to any other third party; use of the Data for a joint venture to which Client is a party

• Use in replacement of any data received by you directly or indirectly from ICE Data Services under any other agreements you may have with ICE Data Services, or another third party service provider or distributor whereby you receive ICE Data Services’ data or information

• Use of in the construction of data, products or services that may compete with data, products or services available from ICE Data Services and/or its affiliates.

7. Client agrees to keep complete and accurate books, records and related documentation concerning the use of the ICE Data Services’ Data. ICE Data Services and/or its Third Party Suppliers, either directly or through a third party independent auditor, are hereby granted the right to (i) audit and examine, upon reasonable notice, Client’s books, records and applicable computer equipment, devices, components, transmission equipment and software used by Client in connection with the installation, maintenance, accessing, delivery, transmission, reception, retrieval

or use by Client of the ICE Data Services’ Data, and (ii) observe, upon reasonable notice, operations conducted by Client relating to the use of the Data. This right will be exercised by ICE Data Services not more than once during any twelve (12) month period pursuant to any reasonable security or confidentiality provisions at Client’s request.

IHS Markit

IHS Markit Products

The information and data provided herein (the “data”) is, or is derived from or created using, the proprietary property of Cambridge Associates, LLC and/or its affiliates (“Cambridge Associates”) and/or S&P OpCo, LLC (a subsidiary of S&P Dow Jones Indices, LLC) and/or any of their respective affiliates (“IHS Markit”). By using such data, you hereby agree to provide reasonable assistance to enable IHS Markit to audit your use of such data. Unless you are in possession of a valid license from IHS Markit for access, use or distribution of the data, you may not, except as expressly permitted by such IHS Markit license: (i) copy, share, sell, distribute or otherwise make the data available to any other party; (ii) use the data contained herein in any other manner, including for any internal or external business purposes; or (iii) use the data as a basis for financial contracts, financial instruments, financial products, indices or as a benchmark under the IOSCO Principles for Financial Benchmarks published by the International Organization of Securities Commissions on 17 July 2013, the European Union Regulation on Benchmarks (“EU BMR”) and/or the retained EU BMR in the United Kingdom, as may be amended from time to time (together the “Regulatory Framework”), except as expressly communicated to you in writing by the provider of this data. Users of this data acknowledge and agree that Cambridge Associates calculates and administers the data but is not authorized as an “Administrator” under the Regulatory Framework, and (iv) IHS Markit is acting in the capacity of distributor of the data and does not have any responsibility for the compilation, composition, changes, calculation or administration the data.

The users of this data acknowledge and agree that no duty of care is owed to them or to any other person by IHS Markit, Cambridge Associates or any of their respective third party data or service providers (“data providers”) and that use of data creates no fiduciary or other relationship in contract or in tort between the users or any other person and IHS Markit, Cambridge Associates or any data providers.

The data is provided on an “as is” basis. Neither IHS Markit, Cambridge Associates nor any data provider (a) makes any warranty, express or implied, as to the availability, accuracy, completeness or timeliness of the data, nor as to the results to be obtained by users of the data, nor as to the quality, performance or fitness for a particular purpose of the data; or (b) shall in any way be liable to any user of the data for any inaccuracies, errors or omissions in the data, regardless of cause, or for any damages (whether direct or indirect) resulting therefrom. Each of IHS Markit, Cambridge Associates and any data provider shall be a third-party beneficiary of these, and any other disclaimers provided in the agreement or within the data and shall have the right to enforce the same.

The opinions, estimates and/or projections in the data do not reflect the opinions of IHS Markit, Cambridge Associates or any data providers. Neither IHS Markit nor Cambridge Associates have any obligation to update, modify or amend the data or to otherwise notify users in the event that any matter stated in the data, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Without limiting the foregoing, IHS Markit, Cambridge Associates and any data provider shall have no liability whatsoever, whether in contract (including under an indemnity), in tort (including negligence), under a warranty, under statute or otherwise, in respect of any loss or damages (including indirect, incidental, special or consequential damages or lost profits) suffered by users of the data, including as a result of or in connection with any opinions, recommendations, forecasts, judgments, or any other conclusions, or any course of action determined, by users of the data or any other person, whether or not based on the data, content, information or materials contained herein and whether or not such losses or damages could have been foreseen or prevented.

Copyright © IHS Markit. All rights reserved.

LifeYield

LifeYield Advantage Suite®

You agree to the terms located here: https://info.addepar.com/lifeyield_terms.html

London Stock Exchange Group (LSE or LSEG)

SEDOL

All rights in the SEDOL data vest in the London Stock Exchange, pic. ("LSE"). SEDOL® is a trade mark of LSE. LSE does not accept any liability for any errors or

omissions and LSE does not promote, sponsor or endorse the information contained in this communication. No further distribution of SEDOL data from LSE is permitted without LSE's express written consent.

Morningstar

All Data Products

© 2023 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

(i) Certain of the information contained in the Addepar service: (1) is proprietary to Morningstar Inc. and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. (ii) Users of the Addepar service may not use programs, bots, spiders or the like to programmatically search, extract and/or download the Morningstar information from the Addepar service. Any portion of the Morningstar information that is downloaded from the Addepar service may not be used for commercial purposes. (iii) Clients who utilize the Morningstar information within the Addepar service may only utilize such information as outlined in their direct agreement with Addepar. Unless Clients have a direct agreement with Morningstar, they shall have no additional rights to use and/or distribute the information apart from the Addepar service which is providing such information.

MSCI

All Data Products

• You represent that you will not redistribute the Data in any form or manner to any third party.

• You represent that you will not use or permit anyone else to use the Data in connection with the creating, managing, advising, writing, trading, marketing or promotion of any securities or financial instruments or products, including, but not limited to, funds, synthetic or derivative securities (e.g., options, warrants, swaps, and futures), whether listed on an exchange or traded over the counter or on a private-placement basis or otherwise or to create any indices (custom or otherwise).

• You represent that you will treat the Data as proprietary to MSCI. Further, you acknowledge that MSCI is the sole and exclusive owner of the Data and any trade secrets, copyrights, trademarks and other intellectual property rights in or to the Data.

• You represent that you will not (i) copy any component of the Data, (ii) alter, modify or adapt any component of the Data, including, but not limited to, translating, decompiling, disassembling, reverse engineering or creating derivative works, or (iii) make any component of the Data available to any other person or organization (including, without limitation, the Customer's present and future parents, subsidiaries or affiliates) directly or indirectly, for any of the foregoing or for any other use, including, without limitation, by loan, rental, service bureau, external time sharing or similar arrangement.

• You are obligated to reproduce on all permitted copies of the Data all copyright, proprietary rights and restrictive legends appearing on the Data.

• You acknowledge that you assume the entire risk of using the Data and you agree to hold MSCI harmless from any claims that may arise in connection with any use of the Data by you or your permitted affiliates.

• You acknowledge that MSCI may, in its sole and absolute discretion and at any time, terminate your right to receive and/or use the Data.

• You acknowledge MSCI as a third party beneficiary of this agreement, entitled to enforce all provisions of such agreement relating to the Data.

• THE DATA ARE PROVIDED TO YOU ON AN “AS IS” BASIS. ADDEPAR, ITS INFORMATION PROVIDERS, AND ANY OTHER THIRD PARTY INVOLVED IN OR RELATED TO THE MAKING OR COMPILING OF THE DATA MAKE NO REPRESENTATION OR WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, WITH RESPECT TO THE DATA OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF. ADDEPAR, ITS INFORMATION PROVIDERS AND ANY OTHER THIRD PARTY INVOLVED IN OR RELATED TO THE MAKING OR COMPILING OF THE DATA EXPRESSLY DISCLAIM ANY AND ALL IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, COMPLETENESS, NONINFRINGEMENT, MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE.

• YOU ASSUME THE ENTIRE RISK OF ANY USE YOU MAY MAKE OF THE DATA. IN NO EVENT SHALL ADDEPAR, ITS INFORMATION PROVIDERS OR ANY THIRD PARTY INVOLVED IN OR RELATED TO THE MAKING OR COMPILING OF THE DATA, BE LIABLE TO YOU, OR ANY OTHER THIRD PARTY, FOR ANY DIRECT OR INDIRECT DAMAGES, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, LOST SAVINGS OR OTHER INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THIS AGREEMENT OR THE INABILITY OF YOU TO USE THE DATA, REGARDLESS OF THE FORM OF ACTION, EVEN IF ADDEPAR, ANY OF ITS INFORMATION PROVIDERS, OR ANY OTHER THIRD PARTY INVOLVED IN OR RELATED TO THE MAKING OR COMPILING OF THE DATA HAS BEEN ADVISED OF OR OTHERWISE MIGHT HAVE ANTICIPATED THE POSSIBILITY OF SUCH DAMAGES.

• You agree to indemnify and hold harmless Addepar, its information providers, and any other third party involved in or related to the making or compiling of the Data, their affiliates and subsidiaries and their respective directors, officers, employees and agents from and against any claims, losses, damages, liabilities, costs and expenses, including reasonable attorneys’ fees and costs, as incurred, arising in any manner out of the your or any third party’s use of or inability to use, the Data or any breach by you of any provision contained in this Agreement.

GICS

The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of MSCI Inc. and Standard & Poor’s. GICS is a service mark of MSCI and S&P and has been licensed for use by Addepar.

S&P

S&P Benchmarks

Copyright © 2023, S&P Global Market Intelligence (and its affiliates, as applicable)

Reproduction of any information, data or material, including ratings (“Content”) in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers (“Content Providers”) do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the

cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content. A reference to a particular investment or security, a rating or any observation concerning an investment that is part of the Content is not a recommendation to buy, sell or hold such investment or security, does not address the suitability of an investment or security and should not be relied on as investment advice. Credit ratings are statements of opinions and are not statements of fact.

Cambridge Associates Data

Client acknowledges that the Information is intentionally provided in an anonymous and aggregated form and shall use the Information solely for its internal business purposes, and, except as contemplated by the Client Agreement with Addepar or this Terms of Use, shall not, directly or indirectly, (a) translate, decompile, recompile, disassemble, disaggregate, reverse engineer (including, without limitation, to acquire or attempt to acquire information that is not directly displayed or communicated to Client, or to use the Information to identify or attempt to identify the underlying individual sources of the Information (e.g., individual managers, funds, companies, or holdings)); (b) plagiarize, rewrite or reprocess the Information; (c) redistribute the Information or any portions thereof, to anyone without prior written consent from Cambridge Associates,LLC(and its affiliates)(“CambridgeAssociates”);(d) grant any rights in or provide access to or otherwise redistribute the Information in a manner that could reasonably infringe the Intellectual Property Rights of Cambridge Associates; (e) use the Information to construct or facilitate the construction of products which compete with the Information,(f) in the case of GICS Data (defined below), use the GICS Data to construct or facilitate the construction of products which compete with the GICS Data, or use the GICS Data to verify the accuracy of other data or to correct such other data; (g) use the Information to create, issue, manage, sponsor or develop any financial products (including, without limitation, derivatives, funds, structured products or contracts for difference) where the price, return and/or performance of such product is based on or intended to track any index published by Cambridge Associates or derived from the Information; or (h) violate any applicable laws or regulations relating to use of the Information during the term of the Client Agreement. Recipient may not assign or transfer its rights or obligations under the Client Agreement or thisTerms of Use without the prior written consent Cambridge Associates.Notwithstanding anything to the contrary in the foregoing, Client may use, on an ad-hoc basis, Insubstantial Portions of the Information in presentations to its clients, prospective clients, and its professional advisors (where “Insubstantial Portions” is defined as: limited extracts which: (i) have no independent commercial value; (ii) could not be used as a substitute for the Information; and (iii) could not be used to assemble disaggregated information from the Information) in a Non-Systematic manner (where “Non-Systematic” is defined as: use on an infrequent basis and not automatically generated by machine or regularly created by individual users), provided that Cambridge Associates is cited as the source of the Information.In addition, specific individuals employed by Client who have been entitled to the “Private Equity Benchmark Add-On” (subject to the terms of a written agreement with Refinitivin respect of same) (each, an “Entitled User”) may (a) modify the Information and create Derived Data, solely for the Entitled User’s individual use; (b) distribute internally Information and Derived Data to other Entitled Users employed by Client; and (c) distribute internally and redistribute externally Insubstantial Portions of Derived Data in a Non-Systemic manner. “Derived Data” is defined as: data which has been modified to such a degree that it cannot be (i) recognized as deriving from the Information; (ii)reverse engineered; or (iii) otherwise traced back to the Information, without an extraordinary amount of time and effort other than by the creator. All other Information that does not satisfy these criteria constitutes “Information.”

Intellectual Property. Client agrees that (a) Cambridge Associates retains all right, title and interest, including all intellectual property rights, in and to the Information and any and all copies, modifications, enhancements, and derivative works thereof (excluding Derived Data), (b) Client has no right or interest in the Information except as expressly provided herein, and (c) the Information as compiled, prepared, selected and arranged by Cambridge Associates constitutes an expenditure of substantial time, effort and money by Cambridge Associates and constitutes valuable commercial property and/or trade secrets of Cambridge Associates. Client shall retain Cambridge Associates’ copyright and trademark notices on all downloaded and printed copies of the Information. Client agrees not to infringe or violate the intellectual property rights or other proprietary rights of Cambridge Associates and agrees to notify Cambridge Associates in writing promptly upon becoming aware of any unauthorized access to or use of the Information. Client may not use the Cambridge Associates name or trademarks without the prior written consent of Cambridge Associates.Client acknowledges and agrees that the Information integrates the Global Industry Classification Standard data and information related thereto (“GICS Data”), and that Standard & Poors Financial Services (“S&P”) and MSCI, Inc. (“MSCI”) are the sole owners of the GICS Data (including all trade secrets, copyrights, trademarks and other intellectual property rights related to the GICS Data). The Client acknowledges that (i) S&P or MSCI may, in its sole and absolute discretion and at any time, terminate the Clients’ right to receive and/or use the GICS Data; and (ii) provision of the GICS Data is subject to termination in the event that the agreement between Cambridge Associates and MSCI or S&P governing the GICS Data is terminated in accordance with its terms. The Client agrees that MSCI and S&P are third party beneficiaries of these Terms of Use and the Agreement, and is entitled to enforce all provisions of these Terms of Use and the Agreement related to the provision of the GICS Data.DISCLAIMER OF REPRESENTATIONS AND WARRANTIES. CLIENT AGREES THAT:(A) THE INFORMATION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS SUBJECT TO CHANGE WITHOUT NOTICE; (B) THE INFORMATION IS PROVIDED “AS IS” WITH ALL FAULTS AND CLIENT’S USE OF THE INFORMATION IS AT ITS OWN RISK; (C) THE INFORMATION IS BEING PROVIDED WITHOUT WARRANTY OF ANY KIND WHATSOEVER, AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AND ANY WARRANTIES OF QUALITY OR PERFORMANCE ARE HEREBY DISCLAIM ED; AND (D) THE INFORMATION HAS BEEN OBTAINED FROM VARIOUS SOURCES AND CAM BRIDGE ASSOCIATES DOES NOT REPRESENT OR WARRANT THAT IT IS ACCURATE, COMPLETE, OR ERROR-FREE, AND THE INFORMATION SHOULD NOT BE RELIED UPON AS SUCH. CAMBRIDGE ASSOCIATES DOES NOT WARRANT THAT ACCESS TO THE INFORMATION WILL BE UNINTERRUPTED, UNDELAYED, COMPATIBLE WITH CLIENT’S EQUIPMENT OR FREE OF ERRORS, VIRUSES, WORMS, TROJAN HORSES OR ANY OTHER INVASIVE OR CORRUPTED FILES. CLIENT IS RESPONSIBLE FOR TAKING ADEQUATE PRECAUTIONS AGAINST DAMAGES TO CLIENT’S OPERATIONS THAT WOULD BE CAUSED BY SUCH INTERRUPTION OR ERRORS. CLIENT AGREES THAT CAMBRIDGE ASSOCIATES IS NOT ACTING AS AN INVESTMENT ADVISOR (AS DEFINED IN THE INVESTMENT ADVISERS ACT OF 1940) OR IN A FIDUCIARY CAPACITY WITH RESPECT TO CLIENT AND THAT CAMBRIDGE ASSOCIATES IS NOT ASSUMING ANY DUTIES OR OBLIGATIONS OTHER THAN THOSE EXPRESSLY SET FORTH HEREIN.

Credit Ratings

Copyright © 2023, Standard & Poor's Financial Services LLC ("S&P"). Reproduction of RatingsXpress-Credit Ratings in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and is not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of ratings. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. S&P SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, or LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF RATINGS. S&P's ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the market value of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice.

All S&P Services

As used herein, “Platform User” means you, the user of the Addepar platform, to the extent you have access to S&P data.

(i) The Platform User is prohibited from uploading any of the S&P Services onto any computer network (i.e., intranet);

(ii) Each Platform User may download the Licensed Data to a desktop/computing device used solely for such Desktop User’s individual use and not for any centralized, interdepartmental or shared use;

(iii) Once downloaded to a Platform User’s computing device, the Licensed Data must remain on such Platform User’s computing device and may not be uploaded, copied or transferred to, or stored or managed in, any other desktop/computing device, including that of another Platform User, or any device, directory, database or other repository that is shared or can be accessed by others (e.g. the download functionality may not be used to populate master security databases); 

(iv) Platform Users may download the Licensed Data only as a convenience in connection with Platform Users’ use of the Licensee Services and as an alternative to obtaining a full license to the S&P Services from and/or pursuant to an agreement with S&P.