NOTICE OF PRIVACY PRACTICES

Your privacy is very important to us and our firm is committed to safeguarding the confidential information of our clients and investors. This notice (this “Notice of Privacy Practices”) is provided by Coury Firm Asset Management LLC d/b/a The Coury Firm, a registered investment adviser with the United States Securities and Exchange Commission (SEC), a commodity pool operator registered with the U.S. Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). This document sets forth the policies with respect to the collection, sharing and protection of non-public personal information of our clients and investors (either current, prospective and former). We collect non-public personal information in order to open and administer your client accounts with us, and for qualified investors, when they subscribe to our affiliated private funds. We also may collect your personal information from other sources, such as affiliates. We hold all non-public personal information provided to us in the strictest confidence. If we were to change our firm policy, we would be prohibited under the law from doing so without advising you first.

You may direct us not to make disclosures (other than disclosures required by law) regarding non-public personal information to non-affiliated third parties. If you wish to opt out of disclosures to non-affiliated third parties please contact our Compliance Office at compliance@couryfirm.com or 412-261-5744.

The Coury Firm collects personal information about you from the following sources that may include but are not limited to:

• Applications, Subscription Agreements, or other related forms, documents, or questionnaires;
• Correspondence and conversations;
• Discussions with non-affiliated third parties;
• Information about your transactions (prospective or former) with us or others;
• Tax Returns;
• Estate and trust information, insurance, and other organizational or financial planning related documents.

The Coury Firm uses your personal information in the following manner:

• We do not sell your personal information to anyone;
• We limit employee and agent access to information only to those who have a business or professional reason for knowing, and only to non-affiliated parties as permitted by law. (For example, federal regulations permit us to share a limited amount of information about you with a brokerage firm in order to execute securities transactions on your behalf, or so that our firm can discuss your financial situation with your accountant or lawyer.);
• We will provide notice of changes in our information sharing practices. If, at any time in the future, it is necessary to disclose any of your personal information in a way that is inconsistent with this policy, we will give you advance notice of the proposed change so you will have the opportunity to opt out of such disclosure;
• We maintain a secure office and computer environment to safeguard your information from unreasonable risk;
• For non-affiliated third parties that require access to your personal information, including financial service companies, consultants, and auditors, we also require confidentiality in our agreements with them and expect them to keep this information private. Federal and state regulators also may review firm records as permitted under law;
• We do not provide your personally identifiable information to mailing list vendors or solicitors for any purpose;
• Personally identifiable information about you will be maintained during the time you are a client or investor, and for the required time thereafter that such records are required to be maintained by federal and state securities laws.

Effective June 01, 2018

LEGAL NOTICE & TERMS OF USE

1. Terms

By accessing this website (“Site”), you are agreeing to be bound by these web site Terms and Conditions of Use, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this web site are protected by applicable copyright and trade mark law.

2. Use License

Permission is granted to temporarily download one copy of the materials (information or software) on Site for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not:

• modify or copy the materials;
• use the materials for any commercial purpose, or for any public display (commercial or non-commercial);
• attempt to decompile or reverse engineer any software contained on Site;
• remove any copyright or other proprietary notations from the materials; or transfer the materials to another person or "mirror" the materials on any other server.

This license shall automatically terminate if you violate any of these restrictions and may be terminated by The Coury Firm at any time. Upon terminating your viewing of these materials or upon the termination of this license, you must destroy any downloaded materials in your possession whether in electronic or printed format. You are strictly prohibited from unauthorized use of our systems or the Site, including but not limited to unauthorized entry into our systems, misuse of passwords, or misuse of any information posted to the Site.

Use of this Site may be monitored, tracked and recorded. Anyone using this Site expressly consents to such monitoring, tracking and recording. You are responsible for being familiar with the current version of these Terms and Conditions posted on the Site during each session.

The works of authorship contained in this Site, including but not limited to all design, text, sound recordings, and images, are owned, except as otherwise expressly stated, by The Coury Firm or one of its affiliates. Except as otherwise expressly stated herein, they may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use, or otherwise used in whole or in part in any manner without the owner’s prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U.S.C. § 107), as amended, and then, only with notices of the owner’s proprietary rights. Except for any third party exchange data, you may download information and print out a copy for your personal use, so long as you do not remove any copyright or other notice as may be contained in information, as downloaded.

You agree that (i) you will not engage in any activities related to this Site that are contrary to applicable law, regulation or the terms of any agreements you have with us, and (ii) in circumstances where locations of this Site require identification for access, you will establish commercially reasonable security procedures and controls to limit access to your password or other identifying information to authorized individuals. You agree that you will not use any robot, spider, other automatic device or manual process to monitor or copy our web pages, data or the content contained herein or for any other unauthorized purpose without our prior expressed written permission.

3. No Offer or Advice

You acknowledge that the content of Site is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement, and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. The Coury Firm makes no representations that any information provided via the Site is accurate, current, or complete. You are solely responsible for evaluating the risks and merits regarding the use of the Site and any services provided herein.

The Coury Firm does not utilize the Site to provide investment or other advice, and nothing on the Site is to be deemed a recommendation that you buy, sell, or hold any security or other investment or that you pursue any investment style or strategy. The Coury Firm only provides investment advice under a formalized arrangement including an investment advisory contract. If you would like investment, accounting, tax, or legal advice, you should consult with your own advisors with respect to your individual circumstances and needs.

4. Past Performance

Any performance data or comments expressed on the Site are an indication of past performance. Past performance is not indicative of future results; no representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. Information provided in case studies are for illustrative purposes only. All insights are subject to a disclaimer included in such materials. Any material excerpted or summarized is subject to the terms of the disclaimer. The information on the Site, including insights, is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Any investments discussed on the Website may fluctuate in price or value. Investors may get back less than they invested.

5. Forward-looking Statements

The contents of the Site may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, The Coury Firm itself, or its investments. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict with regard to timing, extent, likelihood, and degree of occurrence. Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements. Furthermore, The Coury Firm undertakes no obligation to update, amend, or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.

6. Disclaimer

The materials on the Site are provided "as is". The Coury Firm makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, The Coury Firm does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet web site or otherwise relating to such materials or on any sites linked to this Site.

7. Limitations

In no event shall The Coury Firm or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption,) arising out of the use or inability to use the materials on the Site, even if The Coury Firm or authorized representative of The Coury Firm has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you.

8. Site Terms of Use Modifications

The Coury Firm may revise these terms of use for its web site at any time without notice. By using this web site you are agreeing to be bound by the then current version of these Terms and Conditions of Use.

9. Links to other sites

Links to unaffiliated websites are provided solely as pointers to information on topics that may be useful to users of this Site, and we have no control over the content on such unaffiliated websites. If you choose to link to a website we do not control, we make no warranties, either express or implied, concerning your use of or inability to use such site, the content of such site, including the accuracy, completeness, reliability, or suitability thereof for any particular purpose, nor do we warrant that such site or content is free from any claims of copyright, trademark, or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. We do not guarantee the authenticity of documents on the Internet. Links to unaffiliated sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information, or services offered at such sites, or any representation regarding the content at such sites and we expressly disclaim any such endorsement or representation. In addition, these third party websites may have a privacy policy or security practices different from this Site so it is important to read the policies of those sites before sharing your personal information.

10. Suitability and Appropriateness

Securities or financial instruments mentioned in the Site may not be suitable or appropriate for all investors or in all geographical areas. Your particular needs, investment objectives and financial situation were not taken into account in the preparation of this Site and the materials contained herein. The information contained in the Site constitutes neither a recommendation that you enter into a particular transaction nor a representation that any financial instrument is suitable or appropriate for you. You should consider whether an investment strategy or a particular investment is appropriate for you in the light of your particular investment needs, objectives and financial circumstances.

11. Legal entity disclosure

The Coury Firm is the marketing name for The Coury Firm Holdings LP and its affiliates and subsidiaries. All investment advice is provided through Coury Firm Asset Management LLC, an SEC registered investment adviser. All management consulting services are provided through Coury Firm Business Advisory LLC. All wellness and risk management services, including insurance analysis and recommendations, are provided through The Coury Firm LLC. Registration with the SEC does not imply a particular level of skill or training.

12. Governing Law

Any action against The Coury Firm arising from or relating to your access to and use of the Site and the provisions of these Terms and Conditions must be brought by you in state or federal court located in the Commonwealth of Pennsylvania, County of Allegheny. You consent to the jurisdiction and venue of the state and federal courts located within the Commonwealth of Pennsylvania, County of Allegheny, for the adjudication of all claims by The Coury Firm against you arising from or relating to your access to and use of the Site and the provisions of these Terms and Conditions.