Disclaimer

KAWA CAPITAL MANAGEMENT, INC. IS A REGISTERED INVESTMENT ADVISER. MORE INFORMATION ABOUT KAWA CAPITAL MANAGEMENT, INC. AND ITS AFFILIATES (“KAWA”), INCLUDING ITS INVESTMENT STRATEGIES, OBJECTIVES AND FEE SCHEDULE, CAN BE FOUND IN ITS FORM ADV PART 2, WHICH IS AVAILABLE UPON REQUEST.

THIS WEBSITE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AND SHOULD NOT BE CONSTRUED AS AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO PURCHASE, ANY INTEREST IN ANY ENTITY, INVESTMENT VEHICLE OR ACCOUNT MANAGED BY KAWA OR ANY AFFILIATE THEREOF. ANY OFFER TO SELL OR SOLICITATION OF AN OFFER TO PURCHASE WILL BE MADE ONLY PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM (EACH, A “MEMORANDUM”) OR OTHER FINAL OFFERING MATERIALS OF THE APPLICABLE ENTITY, INVESTMENT VEHICLE OR ACCOUNT. THE INFORMATION ON THIS WEBSITE IS QUALIFIED IN ITS ENTIRETY AND LIMITED BY REFERENCE TO SUCH MEMORANDUM OR SUCH FINAL OFFERING MATERIALS, AND IN THE EVENT OF ANY INCONSISTENCY BETWEEN THIS WEBSITE AND SUCH MEMORANDUM OR FINAL OFFERING MATERIALS, THE MEMORANDUM OR FINAL OFFERING MATERIALS SHALL CONTROL. THIS WEBSITE IS NOT A COMPLETE DESCRIPTION OF THE BUSINESSES ENGAGED IN BY KAWA AND/OR ANY OF ITS AFFILIATES OR CLIENTS. INFORMATION CONTAINED ON OR LINKED THROUGH THIS WEBSITE IS ACCURATE ONLY AS OF THE DATE INDICATED WITH RESPECT TO SUCH INFORMATION, AND MAY NOT BE CURRENT OR ACCURATE AS OF THE TIME WHEN YOU VIEW THIS WEBSITE. KAWA DOES NOT REPRESENT THAT ANY INFORMATION INCLUDED OR REFERENCED ON THIS WEBSITE IS COMPLETE, NOR DOES KAWA UNDERTAKE ANY DUTY TO UPDATE SUCH INFORMATION. ANY STATEMENTS MADE BY EMPLOYEES OR PRINCIPALS OF KAWA ARE SOLELY THEIR OWN AND DO NOT NECESSARILY EXPRESS OR RELATE TO THE VIEWS OR OPINIONS OF KAWA.

THIS WEBSITE SHOULD NOT BE USED AS A BASIS FOR MAKING A DECISION AS TO WHETHER OR NOT TO INVEST WITH KAWA OR IN PRODUCTS OR ACCOUNTS MANAGED BY KAWA. IN MAKING AN INVESTMENT DECISION, YOU MUST RELY ON YOUR OWN EXAMINATION OF AN INVESTMENT OPPORTUNITY AND THE TERMS OF ITS OFFERING. YOU SHOULD NOT CONSTRUE THE CONTENTS OF THIS WEBSITE AS LEGAL, TAX, INVESTMENT OR OTHER ADVICE, OR A RECOMMENDATION TO PURCHASE OR SELL ANY PARTICULAR SECURITY OR PRODUCT.

UNLESS OTHERWISE NOTED, THE INFORMATION INCLUDED ON THIS WEBSITE IS BASED UPON INFORMATION REASONABLY AVAILABLE TO KAWA AS OF THE DATE OF ITS FIRST PUBLICATION HEREIN. FURTHERMORE, THE INFORMATION INCLUDED ON THIS WEBSITE HAS BEEN OBTAINED FROM SOURCES KAWA BELIEVES TO BE RELIABLE; HOWEVER, THESE SOURCES CANNOT BE GUARANTEED AS TO THEIR ACCURACY OR COMPLETENESS. NO REPRESENTATION, WARRANTY OR UNDERTAKING, EXPRESS OR IMPLIED, IS GIVEN AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED ON THIS PAGE, BY KAWA, ITS MEMBERS, PARTNERS OR EMPLOYEES, AND NO LIABILITY IS ACCEPTED BY SUCH PERSONS FOR THE ACCURACY OR COMPLETENESS OF ANY SUCH INFORMATION.

IT SHOULD NOT BE ASSUMED THAT ANY OF THE SECURITIES, PRODUCTS, HOLDINGS OR SECTORS DISCUSSED WERE OR WILL PROVE TO BE PROFITABLE, OR THAT THE INVESTMENT RECOMMENDATIONS OR DECISIONS WE MAKE IN THE FUTURE WILL BE PROFITABLE OR WILL EQUAL THE INVESTMENT PERFORMANCE OF THE SECURITIES DISCUSSED HEREIN. INVESTING INVOLVES THE RISK OF LOSS OF PRINCIPAL. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

THE CONTENT OF THIS WEBSITE IS THE PROPERTY OF KAWA CAPITAL MANAGEMENT, INC. AND MAY ONLY BE USED BY PARTIES APPROVED BY KAWA CAPITAL MANAGEMENT, INC. THIS WEBSITE AND ITS CONTENTS ARE OF A CONFIDENTIAL NATURE AND SHALL BE TREATED AS CONFIDENTIAL AND PROPRIETARY TO KAWA CAPITAL MANAGEMENT, INC. NO PORTION OF THIS WEBSITE MAY BE COPIED, REPRODUCED OR OTHERWISE DISCLOSED TO ANY PARTY WITHOUT THE PRIOR WRITTEN CONSENT OF KAWA CAPITAL MANAGEMENT, INC.