LIWA CAPITAL ADVISORS LTD (ADGM) WEBSITE DISCLAIMER LANGUAGE

Each person using the Liwa Capital Advisors Limited (“Liwa”) website (“Site”) (a “User” or “you”) expressly agrees to the following terms of use. These Terms (as defined below), together with the Privacy Policy (located at this website www.liwacap.com) (collectively, the Terms of Use and Privacy Policy are referred to as “Terms”) govern, as a condition to accessing and using this Site, any content, functionality or services offered on or through this Site, as well as all information about you collected by this Site, whether such information is collected automatically, through the use of cookies and equivalent technology, or if provided by you. Please read the Terms carefully before you start to use the Site.

By using the Site, you accept and agree to be bound by the Terms. If you do not agree to the Terms, you must not access the Site. Liwa may revise and update these Terms from time to time in its sole discretion. All changes are effective immediately when Liwa posts them and apply to all access to and use of the Site thereafter. Users’ continued use of the Site following the posting of revised Terms means that you accept and agree to the changes. Users are expected to check this page each time you access this Site so you are aware of any changes, as they are binding.

This Site is being made available by Liwa which is based in the Abu Dhabi Global Market (“ADGM”) and regulated by the ADGM Financial Services Regulatory Authority (“FSRA”).

The material contained herein is intended for Professional Clients and Market Counterparties (each as defined under the FSRA Conduct of Business Rulebook) only and no other person should act on it. Access to this Site may be restricted by law and Users should inform themselves about, and observe, any such restrictions. Accordingly, Users represent that they are able to access this Site without contravention of any applicable legal or regulatory restriction in the jurisdiction in which they reside or conduct business.

No regulatory authority in the United Arab Emirates or elsewhere, including the FSRA, has any responsibility for reviewing or verifying the content contained in this Site. Accordingly, no regulatory authority has approved this Site or any other associated content, nor taken any steps to verify the information set out herein, and therefore no regulatory authority has any responsibility for the same.

The contents of this Site are being furnished for informational purposes only and may not be relied upon for the purposes of entering into any transaction nor construed as legal, tax or investment advice. Nothing on the public portion of the Site shall be deemed or construed to be a direct or indirect offer to sell or a solicitation of an offer to purchase or subscribe for any securities.

This website is intended for general informational purposes. No investment advice, tax advice, or legal advice is provided herein. Nothing contained herein should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment, product, or to engage in any other transaction. Nor does this website constitute an offering or recommendation by Liwa of any management service or advisory service. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any security nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. To the extent that this website contains statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. Investment entails risks including a possible loss of principal. There are significant restrictions on transferring interests in the products described herein and the products are highly illiquid. An investment in any fund would be speculative and involves significant risks, including leverage that may increase the risk of investment loss.

All persons and entities accessing the website do so of their own initiative and are responsible for compliance with applicable local laws and regulations. The website is not directed to any person in any jurisdiction where the publication or availability of the website is prohibited by reason of that person's nationality, residence or otherwise. Any user subject to these restrictions must not access the website.

Neither Liwa nor any of its affiliates or members, directors, officers, employees, agents, advisers or representatives (all of the foregoing together the “Released Parties”) shall be liable for damages of any kind, arising out of or in connection with your use, or inability to use, the Site, any websites linked to it, or any content on the Site or such other websites. Without prejudice to the generality of the foregoing, the Released Parties do not make any representation or warranty, express or implied, and no responsibility or liability is accepted, either as to the accuracy or completeness of the information contained herein or any other information (whether communicated in written or oral form) transmitted or made available in connection with this Site or to the achievement or reasonableness of any future projections, forecasts, estimates or statements as to prospects or future returns contained or referred to in this Site or in relation to the basis or assumptions underlying such projections or forecasts. As far as legally possible, none of the Released Parties shall have any liability or responsibility for any statements, EU1/ 503512531.1 opinions, information or matters (express or implied) arising out of, contained in or derived from (whether directly or indirectly), or for any omissions from, or failure to correct any information in this Site, or any other written or oral communication transmitted to any recipient of this Site or any of its affiliates, agents or representatives. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.

In considering any performance data contained herein, you should bear in mind that past, targeted or projected performance is not indicative of future results, and there can be no assurance that the comparable results or that target or projected returns will be met.

Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation of this Site and not as of any future date. Liwa is not required to update or revise information provided herein to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof. However, Liwa reserves the right to withdraw or amend this Site, and any service or material we provide on the Site, in our sole discretion without notice. Liwa will not be liable if for any reason all or any part of the Site is unavailable at any time or for any period. From time to time, Liwa may restrict access to some parts of the Site, or the entire Site, to Users.

This Site and its contents are the property of Liwa (or its respective licensors) and are protected by the laws of copyright with all rights (including ownership and all intellectual property rights) reserved. This Site and its content must not be distributed, published, reproduced or disclosed (in whole or in part) by recipients to any other person.

Users should consult their own investment advisors and obtain their own separate legal, tax and financial advice before making any investment decision.

Notice for US Persons: The information contained herein is not for publication or distribution, directly or indirectly, in part or in whole, in or to the United States or to any U.S. person (as such term is defined in Regulation S under the U.S. Securities Act 1933, as amended the “Act”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Act. Nothing in this Site is an offer of securities for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities in the United States.

All matters relating to the Site and these Terms and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be governed by and construed in accordance with the internal laws of the ADGM without giving effect to any choice or conflict of law provision or rule.

No waiver by Liwa of any term or condition set out in these Terms shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of Liwa to assert a right or provision under these Terms shall not constitute a waiver of such right or provision. If any provision of these Terms is held by a court or other tribunal of competent jurisdiction to be invalid, illegal or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms will continue in full force and effect.