LEGAL DISCLAIMER, PRIVACY POLICY, AND USER AGREEMENT A.W. JONES ADVISORS, LLC TERMS AND CONDITIONS OF USE

Thank you for visiting the A.W. Jones Advisors, LLC (“A.W. Jones”) website. By using this website, you agree to abide by the following terms and conditions, which constitute a legal agreement (the “Agreement”) between you and A.W. Jones. If you do not accept these conditions, you may not use this website.

A.W. Jones reserves the right to modify this Agreement from time to time. We recommend that you re-visit it on occasion, in particular the terms of the Privacy Policy, to learn of new privacy practices or changes to our policies. By visiting our website after we have posted changes to these terms, you acknowledge that you are agreeing to these terms as modified.

LEGAL DISCLAIMER

The material contained in this web site is for your private information, and A.W. Jones is not soliciting any action based upon it. Under no circumstances should any material at this site be used or considered as investment advice or as an offer to sell or a solicitation of any offer to buy any security or other financial instrument, including any interest in any investment fund managed or sponsored by A.W. Jones or its affiliates. Any such offer or solicitation will be separately made only in jurisdictions in which such an offer would be lawful and only by means of the Confidential Private Placement Memorandum relating to the particular fund, which Memorandum describes risks related to such an investment and which qualifies in its entirety the information set forth at this website, and only to persons who, among other requirements, meet certain qualifications under federal securities laws and generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments. There can be no guarantee that the Fund will be able to implement its investment strategy or achieve its investment objectives.

While A.W. Jones uses reasonable efforts to update the information contained in this website, A.W. Jones makes no representations or warranties as to the accuracy, reliability or completeness of any information at the website, and the information should not be relied upon as such. Certain economic and market information contained herein has been obtained from published sources or has been prepared by other parties. While such sources are believed to be reliable, neither A.W. Jones nor any of its affiliates assumes any responsibility for such information. Any content of the website is subject to change without notice.

Password-protected portions of the website may contain performance information for the investment funds sponsored or managed by A.W. Jones and/or its affiliates. Users of the website acknowledge that past performance is not necessarily indicative of future results and there can be no assurance that any A.W. Jones fund will achieve comparable results in the future.

A.W. Jones does not provide legal, accounting or tax advice. Any statement regarding legal, accounting or tax matters was written in connection with the explanation of the matters described herein and was not intended or written to be relied upon by any person as definitive advice. A.W. Jones does not waive confidentiality or privilege as a result of any information contained on this website.

All materials at this site are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosures or hedge clauses apply to any partial document or material in the same manner as they do the whole, and will be deemed incorporated in the portion of any material or document that you consult or download.

PRIVACY POLICY

A.W. Jones respects the privacy of visitors to this website. The following information is designed to assist you in understanding what information we gather from our website, and how we handle the information once we gather it. Please note that this privacy policy applies only to this site and not to the websites of other organizations to which we may link.

Aggregate Data and Cookies. A.W. Jones generally records certain usage information, such as the number and frequency of visitors to this website. This data helps us determine how much our visitors use parts of the site and to do internal research on our users’ demographics, interests, and behavior to better understand and serve you. This information may include the websites that you access immediately before and after your visit to our website, the Internet browser you are using, and your IP address. If we use such data at all, it will be on an aggregate basis, and we will not voluntarily disclose to third parties any information that could be used to identify you personally.

Personally Identifiable Information. Please be assured that we will not collect personal identifying information about you when you visit our website, unless you choose to provide such information to us. If you voluntarily submit information to our website, for example, in a request for general information, we may record and use any personally identifiable information, such as your name and e-mail address, for reasonable business purposes including, but not limited to, fulfilling your request.

How We May Share Your Information. We may use internal service providers to operate our website and employ other persons to perform work on our behalf, such as sending postal mail and e-mail. These persons may have access to the personally identifiable information you submit through the website, but only for the purpose of performing their duties. These persons are contractually obligated not to use or disclose your personally identifiable information for any other purpose.

We will not provide your personally identifiable information to any other persons without your consent, except (a) as required by law, or (b) if we are required to make disclosures to the government or private parties in connection with a lawsuit, subpoena, investigation or similar proceeding. We can (and you authorize us to) disclose any such information in those circumstances.

HOW WE PROTECT YOUR SECURITY.

We use industry standard technology to protect the security of your information. We also employ different security techniques to protect your personal information from unauthorized access by users inside and outside of our organization. You should be aware, however, that “perfect security” does not exist anywhere on the Internet. Although we believe we take appropriate measures to safeguard against unauthorized disclosures of information, we cannot assure you that your personally identifiable information will never be disclosed in a manner inconsistent with this policy and make no representations or warranties regarding the sufficiency of our security measures.

USER AGREEMENT

Restrictions on Use. Any person using this website is permitted to view, store, bookmark, download and print individual website pages for personal and non-commercial purposes only. These uses must not alter the original website content, including all legal notices and legends. Our prior permission is required for (i) any commercial use of materials on this website; (ii) making more than minimal copies of website materials; and (iii) copying large portions of our website, such as by bots, robots or spiders that “harvest” the website. If you seek permission for such use of our website, please contact us at 212.652.4500. Any unauthorized use of the images may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications regulations and statutes.

Linking and Framing. A.W. Jones has not reviewed any of the sites linked to this site and is not responsible for the content of off-site pages or any other site linked or linking to the site. Your linking to any off-site pages, including those provided in any linked news articles or other sites is at your own risk. References to A.W. Jones that are contained on any website, article or social media post should not be considered as a recommendation of or by us.

Ownership. All content included on this website, such as graphics, logos, articles and other materials, is the property of our organization or others and is protected by copyright and other laws.

All trademarks, service marks, trade names, and logos displayed on this Website are proprietary to A.W. Jones and/or their respective owners. Nothing contained on the website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademark displayed on this Website without the written permission of A.W. Jones or such other third party that may own the trademark displayed on this Website. Your use of the trademarks displayed on this Website, except as provided herein, is strictly prohibited.

International Use. This website is operated and controlled by A.W. Jones in the United States. Due to the global nature of the Internet, this website may be accessed by users in countries other than the United States. We make no warranties that materials on this website are appropriate or available for use in such locations. If it is illegal or prohibited in your country of origin to access or use this website, then you should not do so. Those who choose to access this site outside the United States do so on their own initiative and are responsible for compliance with all local laws and regulations.

Limitations of Liability. We are not responsible for any damages or injury, including but not limited to special or consequential damages, that result from your use of (or inability to use) this website, including any damages or injury caused by any failure of performance, error, omission, interruption, defect, delay in operation, computer virus, line failure, or other computer malfunction. YOU ACKNOWLEDGE THAT WE PROVIDE THE CONTENTS OF THIS WEBSITE ON AN “AS IS” BASIS WITH NO WARRANTIES OF ANY KIND. YOUR USE OF THIS WEBSITE AND USE OR RELIANCE UPON ANY OF THE MATERIALS ON IT IS SOLELY AT YOUR OWN RISK.

Governing Law. You agree that your use of this website, this Agreement and any disputes relating to any of them shall be governed in all respects by the laws of the State of New York. Any dispute relating to the above shall be resolved solely in the state or federal courts located in the City and County of New York, New York.

Contact Information. It is important to us at A.W. Jones to hear what visitors have to say regarding our services and policies. Any questions, concerns or complaints regarding this Agreement should be sent to compliance@awjones.com.