Blackvault Institutional LLC Website – General Disclaimers

All persons using the Blackvault Institutional LLC (“Blackvault”) website expressly agree to the foregoing disclaimer as a pre-condition to using this website for any purpose whatsoever. The materials on the website have been prepared for informational purposes only and do not constitute financial, legal, tax or any other advice. All information contained herein is provided “as is” and Blackvault expressly disclaims making any express or implied warranties with respect to the fitness of the information contained herein for any particular usage, its merchantability or its application or purpose. Prior to making any investment or hiring any investment manager you should consult with a professional financial advisor, legal and tax advisor to assist in due diligence as may be appropriate and determining the appropriateness of the risk associated with a particular investment. In no event shall Blackvault be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this data.

Portions of the site may be password-protected and may be accessed only by users who have been issued passwords by an authorized representative of Blackvault. Password-protected portions of the website may contain performance information for any investment funds sponsored or managed by Blackvault or its affiliates. Users of the website acknowledge that past performance is not necessarily indicative of future results. No one may obtain or attempt to obtain unauthorized access to such parts of the site, or to any other protected materials or information, through any means not intentionally made available by Blackvault for users’ specific use. By accessing the password-protected area of this website, you agree to immediately contact Blackvault if there is any change in your status as an “accredited investor” under Regulation D promulgated under Securities Act of 1933. For individuals such changes may include, for example, a registered user’s net worth declining below $1,000,000, an expectation that income for the next twelve months may total less than $200,000, or an expectation that the registered user’s combined income with his or her spouse may total less than $300,000 in the next twelve months. All registered users, including individuals and entities, should communicate with their legal advisors if they believe that their status as an accredited investor has changed. If a registered user’s status as an accredited investor has changed, such registered user agrees to immediately notify Blackvault of such change. Blackvault reserves the right to terminate, at any time, any registered user’s account (as well as access to the latter’s web website), without giving notice or a reason for such termination to the user.

This site and the information included herein is for general information purposes only. Nothing in this website may be considered as an offer or solicitation to purchase or sell securities or other services, futures or other financial products or instruments, including any interest in any investment fund sponsored or managed by Blackvault or any of its affiliates or any investment advisory services offered by Blackvault or its affiliates. Any such offer or solicitation can and will be made only by means of the applicable confidential offering memorandum of each such investment fund or other applicable document, only in jurisdictions in which such an offer would be lawful and only to individuals who meet the investor suitability and sophistication requirements of as determined from time to time by Blackvault in its sole and absolute discretion.

Blackvault and the logos and marks included on the website that identify services and products are proprietary materials. The use of such terms and logos and marks without the express written consent of Blackvault is strictly prohibited. Copyright in the pages and in the screens of the website, and in the information and material therein, is proprietary material owned by Blackvault unless otherwise indicated. The unauthorized use of any material on the website may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws.