LEGAL DISCLAIMER

All content is for informational purposes only. Nothing on this website is an offer or solicitation to buy or sell any security. Any such offer or solicitation will be made only by means of a private offering memorandum in accordance with applicable law. Each prospective investor in the funds managed by Apis Capital Advisors, LLC (“Apis”) will be required to satisfy certain eligibility requirements and to represent that he or she has not relied on any information in making an investment decision other than the information included in the private offering memorandum. Although this website may include investment-related information, nothing on the website is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy. We do not give any advice or make any representations through the website as to whether any security or investment is suitable to you or will be profitable. Nothing on the website is intended to be, and you should not consider anything on the website to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants or attorneys regarding your individual circumstances and needs.

WEBSITE

The Site is operated by Apis on an “AS IS,” “AS AVAILABLE” basis, without representations or warranties of any kind. APIS DISCLAIMS ANY AND ALL REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THIS SITE AND ITS CONTENT, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE, MERCHANTABILITY, NON-INFRINGEMENT AND FITNESS FOR A PARTICULAR PURPOSE. Without limiting the foregoing, Apis does not represent or warrant that the Content on the Site is accurate, reliable, complete or current or that the Site will operate without interruption or error. Apis makes reasonable efforts to avoid technological problems, but at any time the Site may have and may cause problems, such as viruses or other harmful components. Apis shall not be liable for any action you take or any decision you make in reliance on the Site. Some states do not allow the disclaimer of implied warranties, so the foregoing disclaimer may not apply to you.

You acknowledge that you are aware that by using this Site you may be subject to security and privacy exploitations, including, eavesdropping, sniffing, spoofing, hacking, breaking passwords, harassment, exposure to objectionable material, posturing, and/or other security or privacy hazards.

LIMITATION OF LIABILITY

Under no circumstances, shall Apis and its affiliates or any of their employees, directors, officers, agents, vendors or suppliers be liable for any direct or indirect losses or damages arising out of or in connection with the use of or inability to use the Site. This is a comprehensive limitation of liability that applies to all losses and damages of any kind (whether general, special, consequential, incidental, exemplary or otherwise, including, without limitation, loss of data, income or profits), whether by statute, law or in contract, negligence or other tortuous action, even if an authorized representative of Apis or its affiliates has been advised or should have known of the possibility of such damages. Applicable law may not allow the limitation of liability set forth above, so this limitation of liability may not apply to you. In no event shall the total liability of Apis or any of its affiliates for any and all damages and causes of action exceed the amount paid by you, if any, for the use of this Site.

NO ENDORSEMENTS

References on the Site to any names, marks, products or services of third parties or hypertext links to third party sites or information do not constitute or imply an endorsement, sponsorship, or recommendation of the third party, information, product or service by Apis. Apis and its affiliates do not endorse or make any warranties or representations about any site you may access through the Site. Any links to other sites are provided for convenience only. If you access any third-party web site through the Site or otherwise, you do so at your own risk.

NO SECURITIES OFFERING OR INVESTMENT ADVICE

The information on the Website is intended to enable investors to understand the nature of the Firm’s financial advisory services. Nothing contained in or on the Website should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, or investment or to engage in any other transaction. Any such offer or solicitation shall be made only pursuant to the confidential private placement memorandum for a fund or similar document (“Confidential Memorandum”), which qualifies in its entirety the information set forth herein and contains a description of the risks of investing. The Confidential Memorandum relating to a fund should be reviewed carefully prior to an investment in that fund. The terms and risk factors of a fund are set out in its Confidential Memorandum, which is available to qualified prospective investors upon request. The contents hereof are qualified in their entirety by the Confidential Memorandum and subscription agreements of each fund.

The information in the Website should not be construed as the Firm’s endorsement, recommendation or sponsorship of any company or security. There are inherent risks in relying on, using or retrieving any information found on the Website, and the Firm urges you to make sure that you understand these risks before relying on, using or retrieving any information on the Website. You should evaluate the information made available through the Website, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information. Information on this site should not be relied upon for making business, investment or other decisions or used as a substitute for consultation with professional advisors.

The Firm’s services are designed to integrate with the services provided by its clients’ other financial, legal and tax advisers, not to replace their services.

You acknowledge that any of your requests for information are unsolicited and any information shall neither constitute nor be construed as investment advice from the Firm to you or to form an investment advisory relationship, or any other client relationship between you and the Firm or any of its affiliates or employees. The Firm strongly recommends that you seek outside advice from a qualified securities professional. The Firm does not guarantee the suitability or potential value of any particular investment or information source. The Firm may invest or otherwise hold an interest in companies or securities that may be discussed on the Website.

UNAUTHORIZED ACCESS

This Website is not absolutely protected against unauthorized third parties. You acknowledge that any information provided through the Internet may be potentially accessed by unauthorized third parties. Although the Firm will make reasonable efforts to protect the privacy of users of this site, no guarantee can be made that unauthorized third parties will not access the information contained on the Website. You acknowledge that the Firm is not responsible for notifying you that unauthorized third parties have gained such access or that any data has been otherwise compromised during transmission across computer networks or telecommunications facilities, including, but not limited to, the Internet.

Use of this Website by recruiters, “head hunters,” employment consultants or agencies, personnel placement agencies, professional services companies, employment contractors and staffing agencies seeking current Apis employees as candidates for placement is strictly prohibited.

Apis reserves the right to monitor and record activity on the Site at its sole discretion and may report any activity that it suspects may violate any law or regulation as it deems appropriate.

PASSWORDS AND SECURITY

You are responsible for the confidentiality and use of your password. Your password is an important means of protection for you. You agree to contact the Firm immediately if you believe that an unauthorized person has obtained access to your password. You may not allow others to use your user name or password to access or use any part of the Website. If your password has been compromised for any reason, you should contact the Firm immediately for a new password. If you provide your password to any third party, you will be solely responsible for any actions taken by such third party using your password.

All information on the non-public (i.e., password-restricted) areas of the Website is confidential and private and you may not disclose or distribute such information to any other person for any purpose and is made available solely for your personal use in connection with your investment activities.

LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of New York, U.S.A., excluding its conflicts of law principles.