Consent

Please read the following legal notices / terms and conditions of use („Terms and Conditions of Use“) carefully before accessing the website of PRIVATE (hereafter referred to „PRIVATE“ and, for PRIVATE’s website, „PRIVATE website“). By accessing the PRIVATE website you declare that you understand and fully accept the Terms and Conditions of Use. If you do not understand or do not accept any provisions of the Terms and Conditions of Use, please leave the PRIVATE website.

Limited Access
The PRIVATE website may not be accessed by persons who are (in particular due to their nationality and/or residence) subject to any jurisdiction prohibiting the publication of the contents of the PRIVATE website or access to the PRIVATE website (for whatever reasons). Persons to whom these restrictions apply are prohibited from accessing the PRIVATE website. This applies in particular to citizens and/or residents of the United States of America, Great Britain and the Cayman Islands.

No Offer
The information and opinions published on the PRIVATE website neither constitute an advertisement or a recommendation nor a solicitation, offer or invitation (i) to purchase or sell any investment instruments, (ii) to perform any other transactions or (iii) to conclude any other legal transactions. They are for information purposes only. It cannot be ruled out that the investment instruments and services described are not suitable for or available to you.

No Advice
The information and opinions published on the PRIVATE website are not to be construed as investment advice or any other kind of advice on legal, tax, economic, financial or other issues. They are not suitable to be used as a basis for decision-making. Please consult a specialized expert before making any decisions to take concrete action.

No Warranty
PRIVATE provides no warranty (neither explicitly nor implicitly) that the information and opinions published on the PRIVATE website are correct, accurate, complete, true and up-to-date. In particular, PRIVATE is in no way obligated to update outdated information or opinions, to remove them from the website or to mark them correspondingly. Information and opinions on the PRIVATE website are subject to change at any time without notice. Likewise, PRIVATE assumes no responsibility and gives no warranty (i) that the PRIVATE website will perform without error or interruption and (ii) that the PRIVATE website and all other components used in accessing the PRIVATE website contain no harmful elements (particularly viruses). The past performance of an investment instrument is not necessarily indicative of its future performance. Moreover, investments in foreign currencies are subject to exchange rate fluctuations. Also, distributions in connection with an investment instrument may vary. PRIVATE does not provide any warranty for (i) the increase or preservation of the value of investment instruments nor (ii) the amount of future distributions.

No Liability
Liability of PRIVATE for damage of any kind (including consequential damage) resulting directly or indirectly from access to the PRIVATE website is excluded.

Intellectual Property
Any elements on the PRIVATE website are protected by intangible property rights owned by PRIVATE or third parties. The downloading or printing of elements of the PRIVATE website does not involve the transfer of any rights whatsoever, particularly no rights relating to software, trademarks or elements of the PRIVATE website. Notices relating to copyrights and brands may neither be changed nor removed. The reproduction of elements of the PRIVATE website in whole or in part, in whatever form (particularly in electronic or printed form) is only allowed with the prior written consent of PRIVATE and with full acknowledgement of the source. The publication of reproduced elements of the PRIVATE website is only allowed with the prior written consent of PRIVATE and with full acknowledgement of the source.

Potential Conflicts of Interest
It is possible that PRIVATE itself or members of its board of directors or employees invested, are investing or will invest in investment instruments with respect to which the PRIVATE website contains information or opinions. Moreover, it is possible that PRIVATE or members of its board of directors or employees provided, are providing or will provide services to the issuers of such investment instruments or to other companies or persons mentioned on the PRIVATE website. Furthermore, it cannot be excluded that employees or members of the board of directors of PRIVATE engaged, are engaging or will engage in activities for the issuers of such investment instruments or for other companies mentioned on the PRIVATE website, e.g. as members of the board of directors. PRIVATE itself or members of its board of directors or staff could therefore have an interest in the future performance of investment instruments.

Links to Other Websites
The PRIVATE website contains links to other websites which are not reviewed or offered by PRIVATE. By activating such links you leave the PRIVATE website at your own risk. PRIVATE has not investigated such websites and is not responsible for their contents.

Changes to the Terms and Conditions of Use
PRIVATE reserves the right to change these Terms and Conditions of Use at any time. Therefore, please read these Terms and Conditions of Use each time you access the PRIVATE website and check whether you also agree with the new version. If you do not understand or do not accept any provisions of the present Terms and Conditions of Use, please leave the PRIVATE website.

Applicable Law / Place of Jurisdiction
The use of the PRIVATE website as well as these Terms and Conditions of Use and Legal Notices are subject to the laws of Switzerland. The exclusive place of jurisdiction is Schaffhausen.