Please read the following carefully as it contains the conditions governing any electronic communications between you and True Wind Capital Management, LLC (“True Wind Capital”). By messaging with True Wind Capital you agree to these terms and conditions of use. True Wind Capital may amend these terms and conditions at any time without notice. You should check this webpage from time to time to review the current terms and conditions because they are binding on you and, if applicable, your organization. Unless otherwise specifically indicated, the content of any email communication is privileged, confidential or otherwise protected by disclosure and is intended only for the individuals or entities addressed in the email and any others who have been specifically authorized to receive it. Any unauthorized dissemination, copying or use of the contents of an email is strictly prohibited and may be in violation of law. If you are not the intended recipient of an email, please do not read, copy, use or disclose to others the contents of this communication. Please notify the sender that you have received the e-mail in error by replying to the e-mail and then delete the e-mail from your system and any copies of it. Nothing contained in this disclaimer shall be construed in any way to grant permission to transmit confidential information via this firm's e-mail system or as a waiver of any confidentiality or privilege.

Email communications may contain highly confidential information regarding True Wind Capital's investments, strategy and organization. Your acceptance of any email communication from True Wind Capital constitutes your agreement to (i) keep confidential all the confidential information contained in the communication, as well as any information derived by you from the confidential information contained in the communication (collectively, "Confidential Information") and not disclose any such Confidential Information to any other person, (ii) not use any of the Confidential Information for any purpose other than pursuant to your relationship with True Wind Capital, (iii) not use the Confidential Information for purposes of trading any security, (iv) not copy any Confidential Information without True Wind Capital's prior consent and (v) promptly return any Confidential Information contained in the communication to True Wind Capital upon True Wind Capital's request. Email communications are for informational purposes only and do not constitute an offer to sell or a solicitation of an offer to purchase any interest in any investment vehicles managed by True Wind Capital. True Wind Capital does not accept any responsibility or liability arising from the use of email communication. No representation is being made that the information presented is accurate, current or complete, and such information is at all times subject to change without notice. Opinions expressed may differ or be contrary to the opinions and recommendations of True Wind Capital.

Email communications with True Wind Capital are subject to archival, monitoring and production to regulators and in litigation in accordance with local laws, rules and regulations. Email communications may be archived in countries other than the country in which you are located, and may be treated in accordance with the laws and regulations of the country of each individual included in the entire message chain. Internet communications are not secure and the integrity of any message cannot be guaranteed. Therefore True Wind Capital does not accept legal responsibility for its contents or for damage caused by virus/alteration of any message as it has been transmitted over a public network. True Wind Capital does not provide legal, accounting or tax advice. Any statement regarding legal, accounting or tax matters was written in connection with the explanation of the matters described in the email communication and was not intended or written to be relied upon by any person as definitive advice. Any discussion of U.S. tax matters contained within email communications is not intended to be used and cannot be used for the purpose of avoiding penalties that may be imposed under applicable Federal, state or local tax law or recommending to another party any transaction or matter addressed in the email communication. Each person should seek advice based on its particular circumstances from independent legal, accounting and tax advisors regarding the matters discussed in any email communications.