Welcome to our Website at www.canaan.com. Your use of this Website, including the content, materials and information available on or through this Website (together, the "Materials"), is governed by these Terms of Use (these "Terms"). By using this Website, you acknowledge that you have read and agree to these Terms.

Who We Are

Our firm ("Canaan Partners") consists of a collection of investment fund and other entities. This Website is maintained and operated by Canaan Management, Inc., which provides administrative and other services to such entities. In accordance with industry custom, this Website occasionally uses terminology that may be interpreted to suggest that our firm is actually a single entity. However, there is no such single entity and all of the entities that comprise our firm have their own separate legal existence.

In accordance with industry custom, certain individuals associated with our firm may have titles that include the words "partner" or "general partner." Those titles are not intended to imply that any such individual is actually a partner of any partnership or that any specific partnership exists.

Materials

Except for certain Materials provided through a password protected area on this Website (see below), ALL MATERIALS ARE PROVIDED "AS IS," MAY NOT BE RELIED UPON FOR ANY PURPOSE, AND ARE NOT SUBJECT TO EXPRESS OR IMPLIED WARRANTIES OF ANY KIND. In particular, except to the extent that Materials provided through a password protected area on this Website are subject to different rules, we make no representations or warranties with regard to the Materials' accuracy, completeness, non-infringement or fitness for a particular purpose. You should be aware that a significant portion of the Materials include or consist of information that has been provided by third parties and has not been validated or verified by us.

In connection with our investment activities, we often become subject to a variety of confidentiality obligations to funds, investors, portfolio companies and other third parties. Any statements we make may be affected by those confidentiality obligations, with the result that we may be prohibited from making full disclosures. Without limitation on the effect of other warnings and disclaimers set forth in these Terms, you should interpret any statements we make (on this Website or otherwise) in that context.

Please ensure that your own computer security is comprehensive and up to date. We accept no responsibility for viruses, malware or other malicious or damaging software contained in the Materials or otherwise.

Third-Party Sites

We accept no responsibility for third-party sites available through this Website, via hyperlink or otherwise. You are encouraged to review the terms of use applicable to those sites. Any access to, or use of, a third-party site is solely at your own risk.

Password Protected Areas

Certain Materials may be made available through a password protected area on this Website. Each password is intended to be confidential and used only by the individual or entity to whom it is issued. Do not disclose your password to any unauthorized person. If you access Materials through a password protected area, please note that the written agreements between you and the applicable Canaan Partners entities, as well as any provisions set forth in those Materials, govern the parties' respective rights and obligations with regard to those Materials. In particular, Materials provided through a password protected area generally are confidential and subject to limitations on disclosure and use, and Canaan Partners individuals and entities generally have limited liability with respect to the accuracy and completeness of such Materials.

No Offer, Solicitation or Advice

Except to the extent expressly set forth in Materials provided through a password protected area on this Website, or as otherwise specified by a Canaan Partners entity in writing, nothing on this Website is intended to constitute (i) an offer, or solicitation of an offer, to purchase or sell any security, other asset or service, (ii) investment advice or an offer to provide such advice, or (iii) a basis for making any investment decision. Except as expressly stated by a Canaan Partners entity in writing, neither this Website nor any of the Materials make any effort to present a comprehensive or balanced description of Canaan Partners or its investment activities.

Information You Submit; Privacy Policy

Please do not submit any information or other materials that you consider to be confidential or proprietary. We receive and review a large number of business plans and other potentially proprietary information and materials, many of which are similar and/or overlapping. We cannot accept responsibility for avoiding, or protecting against, any particular use or disclosure of any confidential or proprietary plans, information or other materials in the absence of our express written agreement to do so. Any plans, information and other materials you submit in connection with this Website may be used or disclosed by us for any purpose and in any manner, as we determine in our sole discretion. We reserve the right to track visitors to, and usage of, this Website through "cookies" and similar techniques and to use any resulting information as we determine in our sole discretion.

Restrictions on Use; No License

We reserve all rights with respect to the design and content of this Website. In particular, you must not misappropriate the design or content of this Website and you must not alter or deface such design or content in any way. Nothing on this Website grants any license with respect to such design or content, except that you may download and use Materials solely for your own personal information.

Ownership of Trademarks, Etc.

All trademarks, service marks, trade names, logos, graphics, articles and other Materials on this Website are protected by United States and foreign copyright, trademark and other applicable laws. In particular, all trademarks, service marks, trade names and logos displayed on this Website are proprietary to Canaan Partners, its affiliates or their respective third-party owners and this Website grants no license thereto.

Limitation of Liability

Except as specifically agreed by a Canaan Partners entity in writing, NO CANAAN PARTNERS INDIVIDUAL OR ENTITY SHALL HAVE ANY LIABILITY BASED UPON YOUR USE OF, OR RELIANCE UPON, THIS WEBSITE OR THE MATERIALS. Some jurisdictions limit our ability to disclaim liability. With regard to those jurisdictions, our liability shall be limited to the greatest extent permitted by applicable law.

Modification of these Terms

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

Miscellaneous

This Website is operated and controlled by Canaan Management, Inc. in the United States of America. If it is illegal or prohibited in your country of origin to access or use this Website, then you should not do so. Those who choose to access this Website outside the United States of America access it on their own initiative and are responsible for compliance with all local laws and regulations. These Terms, and any disputes relating to these Terms or your use of this Website or the Materials, shall be governed in all respects by the laws of the State of Connecticut, without regard to conflicts of laws principles. Except as otherwise agreed in writing by the applicable Canaan Partners entities, any disputes relating to these Terms shall be resolved exclusively in the state or federal courts located in Fairfield County, Connecticut. These Terms set forth the entire agreement between you and us with respect to the subject matter hereof and supersede all prior agreements relating to such subject matter. All Canaan Partners individuals and entities are intended third-party beneficiaries of these Terms. Our rights under these Terms may be waived by us only in writing. These Terms are binding on you as well as your successors and permitted assigns. In the event any provision of these Terms is determined to be invalid or unenforceable, such provision shall be deemed severed from the remainder of these Terms and replaced with a valid and enforceable provision as similar in intent as reasonably possible to the provision so severed, and shall not cause the invalidity or unenforceability of the remainder of these Terms.

Contact Information

Any questions, concerns or complaints regarding these Terms should be sent to Canaan Partners, 285 Riverside Avenue, Suite 250, Westport, CT 06880.

Effective Date: October 29, 2013