Disclaimer

This site (the "Site") contains information relating to the fund management and advisory activities of SFCS Capital ("SFCS") and the Investment Funds for which SFCS act as investment manager and/or advisor (the "Funds"). The material set out in this Site is provided for general information only and this Site does not allow visitors to make investments in any of the Funds. The material does not constitute a solicitation, offer or recommendation to acquire of dispose of any investment or to engage in any other activity or transaction. Nothing contained in this Site constitutes any investment, legal, tax or other advice and it is not to be relied upon in making an investment or other decision. Visitors should inform themselves as to any securities, taxation or other legislation affecting them personally and should also obtain relevant and specific professional advice before making any investment or other decision.

TERMS OF USE
By accessing this Site and any of its pages, you acknowledge your agreement with and understanding of the following terms of use and legal information. If you do not agree to the terms and conditions below, do not access this Site or any pages thereof. Access to the information contained on this Site may be restricted by laws and any regulations applicable to the user. Persons in respect to whom such prohibitions apply must not access this Site.

LOCAL LEGAL RESTRICTIONS
The Site is not directed at any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Site is prohibited. Persons in respect of whom such prohibitions apply must not access this Site.

INTELLECTUAL PROPERTY
Everything on this website is the valuable intellectual property of SFCS, or their respective suppliers. We protect our intellectual property rights to the full extent of the law.

COPYRIGHT POLICY
No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos.

HYPERLINKS
The existence of hyperlinks should not be construed as an endorsement, approval or verification by SFCS of any content available on third party sites. By providing access to other websites, we are not recommending the purchase or sale of products or services provided by the website's sponsoring organization. We do not review any of these third party sites. SFCS reserves the right to require written consent for, or request the removal of, any links to our website.

GENERAL TERMS
Deliberate misuse of any element of this Site including, without limitation, hacking, introduction of viruses or similar code, disruption or excessive use or any use in contravention of applicable law, is expressly prohibited and we reserve the right to terminate your access to the Site, and at our discretion, pass information to the legal authorities.

We reserve the right at any time on giving notice to change or modify these terms and conditions or to impose new conditions in respect of this website or to change or discontinue any aspect or feature of this website. We shall be entitled to terminate your access to this website at any time on giving notice to you and in any event if you commit any breach of these terms and conditions. We shall have no liability to you for such termination. Notices may be served by any reasonable method including posting on this website.

You shall indemnify us from and against all actions, claims, proceedings, costs and damages (including any damages or compensation paid by us on the advice of its legal advisors to compromise or settle any claim) and all legal costs or expenses arising out of your use of the Site and any breach by you of the software licenses and service agreements governing the software made available to you in connection with this website.

These terms and conditions shall be governed by and construed in accordance with the laws of the Cayman Islands without regard to conflicts of law principles. Nothing in these Terms and Conditions will exclude or restrict any duty or liability we may have under applicable rules or regulations.

SELLING RESTRICTIONS

United Kingdom
The Funds are a collective investment scheme as defined in the Financial Services and Markets Act 2000 of the United Kingdom (“FMSA”).   It has not been authorized, or otherwise recognized by the Financial Services Authority and, as an unregulated Collective Investment Scheme, accordingly cannot be marketed in the United Kingdom to the General Public.

United States
The offer and sale of the shares of the Funds described herein have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold directly or indirectly in the United States of America or its territories or possessions or to any U.S. Person. The information contained in this Site may only be viewed by any person in the United States that is an Accredited Investor and a Qualified Purchaser as such terms are defined in the Securities Act.  The Funds are not registered under the Securities Act, the Securities Exchange Act of 1934, as amended, or the Investment Company Act of 1940, as amended.

Switzerland
The Funds are not registered for public offering in or from Switzerland. None of the information contained in this Site should be construed as an offer in or from Switzerland for sale or acquisition of the shares in the Funds.

The Funds have not been registered with the Swiss Federal Banking Commission as a foreign collective investment scheme pursuant to Article 120 of the Collective Investment Schemes Act of 23 June 2006 ("CISA"). Accordingly, the shares in the Funds may only be offered, and marketing materials relating to the Funds may only be distributed, in or from Switzerland by way of private placement exclusively to qualified investors (as this term is defined in the CISA and its implementing ordinance).

France
The Funds have not been submitted to the Autorité des Marchés Financiers and the participating shares have not been authorized for issue or distribution in France. Accordingly, the Funds may not be made available to the public or used in connection with any offer for subscription or sale in France.

Germany
The Funds have not been offered, and may not be offered, directly or indirectly to the public in Germany. As SFCS is not registered in Germany pursuant to the Foreign Investment Law and as SFCS has not appointed a German tax representative, investors in Germany who acquire shares in the course of a private placement should seek their own professional advice as to the laws and regulation (including those relating to taxation) applicable to the subscription for, and the holding and realization of, shares in non-registered funds.