USER TERMS OF SERVICE

THIS USER TERMS OF SERVICE ("AGREEMENT") GOVERNS YOUR ONGOING USE OF OUR SERVICES. BY CLICKING A BOX INDICATING YOUR ACCEPTANCE OF THIS AGREEMENT, YOU AGREE TO THE TERMS OF THIS AGREEMENT. You may not access the Services if You are Our direct competitor or work in a permanent or temporary basis for Our direct competitor, except with Our prior written consent. In addition, You may not access Our Services for purposes of monitoring their availability, performance or functionality, or for any other benchmarking or competitive purposes. This Agreement was last updated on March 19, 2012. It is effective between You and Us as of the date of You accepting this Agreement. Table of Contents 1. Definitions 2. Use of the Services 3. Third-Party Providers 4. Warranties and Disclaimers 1. DEFINITIONS

"Malicious Code" means viruses, worms, time bombs, Trojan horses and other harmful or malicious code, files, scripts, agents or programs.

"Services" means the online, Web-based applications and platform provided by Us viahttp://www.cbinsights.com and/or other designated websites as described by us (the "Website"), that are ordered by You under an Order Form, including associated offline components but excluding Third Party Applications.

"Third-Party Applications" means online, Web-based applications and offline software products that are provided by third parties, interoperate with the Services, and are identified as third-party applications.

"Users" means you and your use of the Services.

"We," "Us" or "Our" means the CB Information Services company described in Section 12 (Who You Are Contracting With, Notices, Governing Law and Jurisdiction).

"You" or "Your" means the individual accepting this Agreement. "Your Data" means all electronic data or information submitted by You to the Purchased Services.

2. USE OF THE SERVICES

2.1. User Responsibilities. You will use the Services only in accordance with applicable laws and government regulations. You shall not (a) make the Services available to anyone besides you, (b) sell, resell, rent or lease the Services, © use the Services to store or transmit infringing, libelous, or otherwise unlawful or tortious material, or to store or transmit material in violation of third-party privacy rights, (d) use the Services to store or transmit Malicious Code, (e) interfere with or disrupt the integrity or performance of the Services or third-party data contained therein, or (f) attempt to gain unauthorized access to the Services or their related systems or networks.

2.2. Usage Limitations. Services may be subject to other limitations, such as, for example, limits on the number of saved searches, on the number of calls You are permitted to make against Our application programming interface, limits on the number of company, investor, deal, people or any other profiles viewed or limits on the number of records downloaded.

2.3. Restrictions. You shall not (i) permit any third party to access the Services except as permitted herein or (ii) create derivate works, whether paid or unpaid, based on the Services including articles, blog content, reports, databases, analytics using Our content, (iii) copy, frame or mirror any part or content of the Services (iv) reverse engineer the Services, or (v) access the Services in order to (a) build a competitive product or service, or (b) copy any features, functions or graphics of the Services. Any violation of these restrictions may result in revocation of your rights to use the services and other necessary actions.

2.4. Unsolicited Information. By submitting any unsolicited information and materials, including comments, ideas, questions, designs, and other similar communications (collectively, "Unsolicited Information") to us through the Services or the Website you agree to be bound by the following terms and conditions. All Unsolicited Information will be considered NON-CONFIDENTIAL and NON-PROPRIETARY. We, or any of our affiliates, may use such communication or material for any purpose whatsoever, including, but not limited to, reproduction, disclosure, transmission, publication, broadcast, and further posting. Further, we and our affiliates are free to use any ideas, concepts, know-how, or techniques contained in any communication or material you send through the Services or the Website for any purpose whatsoever, including, but not limited to, developing, manufacturing, and marketing products. By submitting any Unsolicited Information, you are granting us a perpetual, royalty-free and irrevocable right and license to use, reproduce, modify, adapt, publish, translate, distribute, transmit, publicly display, publicly perform, sublicense, create derivative works from, transfer and sell such Unsolicited Information and to use your name and other identifying information in connection with such Unsolicited Information.

3. THIRD-PARTY PROVIDERS

3.1. Third-Party Applications and Your Data. If You install or enable Third-Party Applications for use with Services, You acknowledge that We may allow providers of those Third-Party Applications to access Your Data as required for the interoperation of such Third-Party Applications with the Services. We shall not be responsible for any disclosure, modification or deletion of Your Data resulting from any such access by Third-Party Application providers, and any such access and use of Your Data shall be subject to the privacy policies of such Third-Party Application provider. The Services shall allow You to restrict such access by restricting Users from installing or enabling such Third-Party Applications for use with the Services.

3.2. API Services and Widgets. Service features that interoperate with third party APIs or widgets which we integrate with depend on the continuing availability of these APIs or widgets and program for use with the Services. If these providers cease to make their API or widgets or program available on reasonable terms for the Services, We may cease providing such Service features without entitling You to any refund, credit, or other compensation.

4. WARRANTIES AND DISCLAIMERS

4.1. Disclaimer. EXCEPT AS EXPRESSLY PROVIDED HEREIN, THE SERVICES, THE WEBSITE AND ALL CONTENT PROVIDED THEREIN ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. NONE OF US, OUR AFFILIATES, SUBSIDIARIES OR OUR OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS (COLLECTIVELY THE "CBI PARTIES") GUARANTEES THE ACCURACY, COMPLETENESS, TIMELINESS, RELIABILITY, SUITABILITY OR USEFULNESS OF ANY PORTION OF THE SERVICES, THE WEBSITE OR ANY CONTENT PROVIDED THEREIN. NONE OF THE CBI PARTIES WARRANT THAT THE SERVICES, THE WEBSITE OR ANY CONTENT PROVIDED THEREIN WILL BE UNINTERRUPTED OR ERROR FREE OR THAT THE WEBSITE, ITS SERVER OR ANY FILES AVAILABLE FOR DOWNLOADING THROUGH THE WEBSITE ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL ELEMENTS. YOU EXPRESSLY AGREE THAT THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE SERVICES, THE WEBSITE AND THE ACCURACY, TIMELINESS OR COMPLETENESS OF THE CONTENT PROVIDED THEREIN IS ASSUMED SOLELY BY YOU. NONE OF THE CBI PARTIES MAKE ANY, AND HEREBY SPECIFICALLY DISCLAIM ANY AND ALL, REPRESENTATIONS, ENDORSEMENTS, GUARANTEES, AND WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE SERVICES, THE WEBSITE, OR THE CONTENT PROVIDED THEREIN INCLUDING WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT OF THIRD-PARTY RIGHTS. YOUR SOLE AND EXCLUSIVE REMEDY FOR DISSATISFACTION WITH THE SERVICES, THE WEBSITE OR THE CONTENT PROVIDED THEREIN IS TO STOP USING THE SERVICES, THE WESITE AND/OR SUCH. CBI PARTIES DO NOT GIVE BUSINESS ADVICE, INVESTMENT ADVICE, TAX ADVICE OR LEGAL ADVICE TO ANY OF ANYONE USING THE SITE. CBI PARTIES DO NOT CLAIM TO BE AND IS NOT A BROKER, DEALER OR INVESTMENT ADVISOR AND NOTHING HEREIN SHALL CONSTITUTE A SALE OR OFFER TO BUY OR SELL OR RECOMMEND ANY SECURITIES. CBI PARTIES DO NOT MAKE INVESTMENTS. EACH USER OF THE SITE MAKE HIS OR HER OWN INVESTMENT DECISIONS BASED UPON THEIR PERSONAL DUE DILIGENCE INVESTIGATION AND OTHER PERSONAL INVESTMENT CRITERIA. CBI PARTIES ARE NOT RESPONSIBLE FOR AND SHALL HAVE NO LIABILITY WITH RESPECT TO THE ACTIONS OR OMISSIONS OF ANYONE USING THE SITE. AS A CONDITION TO YOUR USE OF OUR THE SITE, YOU HEREBY WAIVE AND RELEASE ANY AND ALL CLAIMS, CAUSES OF ACTION OR OTHER RIGHTS THAT YOU MIGHT HAVE AGAINST ANY OF THE CBI PARTIEST PARTIES ARISING OUT OF OR RELATING TO THE SUBMISSION AND REVIEW OF ANY MATERIALS MADE AVAILABLE THROUGH THE SITE. CBI PARTIES DO NOT AGREE TO ANY OBLIGATIONS OF CONFIDENTIALITY, NONDISCLOSURE OR NONUSE, EXCEPT AS EXPLICITLY PROVIDED FOR IN OUR PRIVACY POLICY.