LIWA CAPITAL ADVISORS LTD (ADGM) WEBSITE DISCLAIMER LANGUAGE

Each person using the Liwa Capital Advisors Ltd. (“Liwa”) website (“Site”) (a “User” or “you”) expressly agrees to the following Terms of Use (the “Terms”). These Terms (as defined below) governs your use and access of this Site. 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 in the process of obtaining a financial services permission from the ADGM Financial Services Regulatory Authority (“FSRA”). Liwa is not currently regulated by the FSRA or any other financial services regulator.

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. Accordingly, securities laws and other relevant laws and regulations that are intended to protect investors are generally not applicable to any securities referred to on or through this website.

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, 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.

Any securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or registered or qualified under the securities laws of any state of the United States or other jurisdiction and may not be offered, sold, transferred or delivered, directly or indirectly, to any investors within the United States or to, or for the account of, U.S. persons except in certain limited circumstances pursuant to a transaction exempt from such registration or qualification requirements. None of the securities have been approved or disapproved by the U.S. Securities and Exchange Commission, any state securities commission in the United States or any other U.S. or non-U.S. regulatory authority, nor has any of the foregoing authorities passed upon or endorsed the merits of the offering of the shares or the accuracy or adequacy of any offering materials. The investment funds will not be registered under the U.S. Investment Company Act of 1940, as amended.

Information on this web site may contain inaccuracies or errors. Information may be changed or updated without notice. We have no obligation to update information presented on this web site, so information contained herein may be out of date at any given time. We may also make improvements and/or changes in the strategies and/or programs described in this information without notice.

This website incorporates third-party information, videos and presentations from sources believed to be reliable. The accuracy of such information (including any assumptions) has not been independently verified by Liwa and Liwa cannot guarantee its adequacy, accuracy, completeness or reasonableness. Please note that access to third-party websites and the presentations and videos contained and opinions expressed therein provided by hyperlinks to those sites are beyond Liwa’s control. Accordingly, Liwa does not accept responsibility for the accuracy, completeness or legality of such third-party websites or for any offers, services or products referred to therein. You will be entering and accessing such third-party websites at your own risk.

In considering any prior performance data or performance targets, you should bear in mind that past, estimated or targeted performance is not indicative of future results. Any future investments will be made in different economic conditions than those prevailing in the past. Thus, no guaranty is made that the same types or diversity of investment opportunities will be available in the future or that any future results will be comparable to those achieved in the past by any fund managed or advised by Liwa and/or its affiliates. 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.

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.