DISCLAIMER

Tanto CP Management Co. Ltd (“Tanto Capital”) is incorporated in the Cayman Islands having its registered office at 2F Landmark Square, 64 Earth Close, Seven Mile Beach, Grand Cayman, Cayman Islands. Tanto Capital intends to register for an exemption pursuant to the Securities Investment Business Law of the Cayman Islands (“SIBL”). Tanto Capital will conduct its activities in accordance with the exemption under the SIBL.

The material on this Site is provided for your general information only and does not constitute the giving of any investment advice or any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities, nor shall it (or any part of it) or the fact of its publication, form the basis of, or be relied on in connection with, any contract therefor. The distribution of the content of this Site in certain jurisdictions may be restricted by law. Persons in possession of this information are required to inform themselves about and to observe any such restrictions.

This communication does not constitute a financial promotion for the purposes of the Financial Services and Markets Act 2000, rules promulgated thereunder and the handbook of rules and guidance issued from time to time by the FCA.

For the avoidance of doubt, any interests in any fund or investment mentioned on this Site (a “Fund”) (or in any information provided or discussed in connection with it) have not been, and will not be registered under the U.S. Securities Act of 1933 as amended (the “Securities Act”), or the securities laws of any state of the United States or other jurisdiction and the securities may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the Securities Act). The information and material on this Site is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States. Any person who is a U.S Person (as defined in Regulation S under the Securities Act) should not access this Site and place no reliance on any of the contents of the Site. Tanto Capital has not been registered with any governmental or other authority.

Any other person who views this Site should inform themselves if access to the Site or its contents is permitted by law in their jurisdiction and to the extent that they are not they should access this Site. Tanto Capital expressly prohibits any person from accessing this Site where it is prohibited in their jurisdiction.

The information and material on this Site is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any retransmission, dissemination or other unauthorised use of this information by any person or entity is strictly prohibited.

The information and material on this Site have been provided to you for informational purposes only and may not be relied upon by you in evaluating the merits of investing in a Fund. Information and material on this Site are not intended as, and is not to be taken as, an offer or solicitation with respect to the purchase or sale of interests in the Funds, nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such a solicitation or offer. Any decision to purchase interests in a Fund described on this Site must be based solely upon the information contained in the prospectus of the relevant Fund.

The information on this Site should not be considered to be legal or tax advice, and each prospective investor should consult with its own legal counsel and tax advisers as to all matters concerning an investment in shares in the Funds. Although the information in this Site is believed to be materially correct, no representation or warranty is given as to the accuracy of any of the information provided. Certain information included in this Site may concern economic trends and performance and may be based on or derived from information obtained from sources considered to be reliable. Tanto Capital cannot guarantee the accuracy of information, however and has not independently verified the assumptions on which such information is based. Furthermore, to the extent permitted by law, neither Tanto Capital nor any of its agents, service providers or professional advisers assumes any liability or responsibility nor owes any duty of care for any consequences of any person acting or refraining to act in reliance on the information contained in this Site or for any decision based on it.

Note that where this Site may include forward-looking statements, including statements regarding target returns these are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to Tanto Capital. These beliefs, assumptions and expectations can change as a result of many possible events or factors, in which case the business, financial condition, liquidity, results of operations and actual returns of Tanto Capital may vary materially and its target returns may be revised from those expressed in its forward-looking statements. Also bear in mind that information regarding the past performance of an investment is not necessarily indicative of the future performance of that investment. The value of investments and any income from such investments may fall as well as rise.

You should not rely on any information or opinions contained in this Site in making an investment or other decision but should obtain relevant, appropriate and specific professional advice before making any investment decision. Nothing contained on this Site in relation to any product or investment constitutes or should be construed to constitute investment, legal, tax or other advice. The information contained on this Site shall in no way be construed to constitute a recommendation with respect to the purchase or sale of any investment or advice to you on the suitability or otherwise of a product or investment for you or any other person, such suitability depending on all the circumstances of the person concerned.

You must not use this Site (or permit or procure others to use it): (i) for any unlawful, improper or illegal purpose or activity; (ii) to violate Tanto Capital’s or any third party’s copyright, trademark, proprietary or other intellectual property rights; (iii) to damage Tanto Capital’s name or reputation or that of any Tanto Capital affiliated company or any third parties;and/or (iv) to transmit confidential or proprietary information, except solely at your own risk.

When using this Site, you must comply with all applicable local, national and international laws and regulations, including those related to data privacy, international communications and exportation of technical or personal data. It may be illegal to download the information contained on this Site in certain countries and Tanto Capital and its affiliated companies disclaim all responsibility if you download any information from this Site in breach of any law or regulation of the country in which you reside.

The entire contents of this Site are subject to copyright with all rights reserved. The copyright, trademarks and all similar rights of this Site and the contents, including all information, graphics, code, text and design, are owned by Tanto Capital (or its licensors).

You may download or print individual sections of the site for your personal use and information only provided that you ensure that all copyright notices and other proprietary notices are displayed on such downloaded or printed sections. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the site without the prior written permission of Tanto Capital.

Tanto Capital will not be liable for any loss or damage caused by a distributed denial-of-service attack, virus, worm, trojan horse or other harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of this Site or to your downloading of any material from it.

Nothing on this Site should be construed as granting any licence or right in relation to any of our trademarks or those of our affiliated companies or any third party.

This Site, including information and materials contained in this Site, text, graphics, software, links and other items (collectively the “Site Content”) are provided in good faith “as is” and “as available” basis for information purposes only with no representation or warranty, express or implied by Tanto Capital or by any of its directors or employees, as to the accuracy adequacy, completeness, timeliness or availability of such Site Content, and it should not be relied on as such. Accordingly, Tanto Capital expressly disclaims liability for errors or omissions in this Site. There is no warranty of merchantability, no warranty of fitness for a particular purpose, no warranty of non-infringement, no warranty of any kind, implied, express or statutory, in conjunction with this Site.

Links to other websites and resources provided by third parties are provided for your information only; Tanto Capital has no control over the contents of those sites or resources, and accepts no responsibility for them or for any loss or damage that may arise from your use of them.

Any personal data provided by you through this Site is accurate to the best of your knowledge and you consent to us processing such information for the purpose you requested. Tanto Capital will process such information only for this purpose.

To the extent permitted by applicable laws and regulations, in no event will Tanto Capital, its directors or employees be liable whether in tort (including negligence) or otherwise howsoever, for any damages, including, without limitation, direct or indirect, special, incidental, or consequential damages, unforeseeable loss or loss of bargain, opportunity or profit or other losses, costs or expenses of whatever nature arising or in connection with this Site or the access to, or use or misuse thereof or or reliance on any information contained on such Site or the inability by any party to use such Site, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Tanto Capital, or representatives thereof, are advised of the possibility of such damages, losses or expenses.

As a condition of your use of this Site, you agree to indemnify and hold harmless Tanto Capital and its affiliates, and the directors and employees of Tanto Capital and its affiliates from and against any and all liabilities, claims, damages, losses or expenses, including legal fees and expenses, (together, “Losses”) arising out of your access to or use of this Site, save to the extent that Tanto Capital may not exclude or limit its own liability for such Losses pursuant to applicable laws or regulations.

This Site is established in the Cayman Islands by Tanto Capital. This Site, including these Terms and all matters arising from or connected with them shall be governed by and construed in accordance with English law and shall be subject to the exclusive jurisdiction of the English courts. Tanto Capital may revise these Terms at any time by amending this page. You are expected to check this page from time to time to take notice of any changes Tanto Capital makes, as they are binding on you.

Each time you use this Site, a condition of use is that you comply with the above Terms.