Disclaimer

This memorandum has been written by Arkham and the information included in it is subject to update, termination, revision and modification. The information contained in this presentation is given without any liability whatsoever to Arkham, or any of Arkham respective directors, officers, employees or agents, and such persons disclaim any liability whatsoever (including for negligence) for any loss whatsoever arising from any use of this presentation or its contents or otherwise arising in connection herewith.

This document has been prepared exclusively for the benefit of internal use, and it is for the confidential use only of those persons or companies to whom it is presented or transmitted. The content of this document will not be disclosed to any third party and no any third party request for investment will be accepted.

The information contained in this document has been obtained from proven reliable sources, with no relevant omission that could be conduct to any misunderstanding of the data contained. In any case, the information in this presentation has not been independently verified by Arkham. Arkham disclaim any responsibility for any errors or omissions in such information, including the financial calculations, projections and forecasts set forth herein. No representation or warranty is made by or on behalf of Arkham that any projection, forecast, calculation, forward-looking statement, assumption or estimate contained in this presentation should or will be achieved. Past performance is not necessarily a guide to future performance.

This document is not intended to constitute legal, tax or accounting advice or opinion. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or thoroughness of the content of the information. The recipient should consult with its own legal, tax or accounting advisers as to the accuracy and application of the information contained herein and should conduct its own due diligence and other enquiries in relation to such information.