General Website Use Disclaimers GraniteShares Inc ("Granite Shares") makes the information on this website ("site") available as a service to visitors, to be used for informational purposes only. General Product/Performance Disclaimers This site is published for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Nothing on this site should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nor is it intended as investment, tax, financial or legal advice. Investors should seek such professional advice for their particular situation. Important Information for Foreign Investors Because of the global nature of the Internet, you agree to comply with all local rules with respect to your account and your online conduct, including all laws, rules, codes and regulations of the country in which you reside and the country from which you access this site, including without limitation, all laws, rules, codes, regulations, decrees, acts, orders, directives, legislation, bills, and statutes pertaining to tax, contracts, intellectual property, securities, e-commerce, banking, technology, computers, fraud and privacy. In addition, you agree to comply with all applicable laws, rules, codes, and regulations regarding the transmission of technical data. Professional Investors Professional Investors are investors who possess sufficient experience, knowledge and expertise to make their own investment decisions and properly assess the risks that they incur. We consider the following investors professional Investors: Enterprises which are required to be authorised or regulated to operate in the financial markets, including: investment services enterprises; other authorised or supervised financial institutions; insurance undertakings; collective investment undertakings and their management companies; pension funds and management companies of such funds; enterprises within the meaning of section 2a (1) no. 8; exchange traders and commodity derivatives dealers; other institutional investors whose main business is not covered by (a) to (g) ,are subject to authorisation orsupervision requirements. Enterprises which are not subject to authorisation or supervision requirements under no. 1 and exceed at least two of the following three criteria: balance sheet total of EUR 20,000,000 net turnover of EUR 40,000,000 own funds of EUR 2,000,000 National and regional governments as well as public bodies that manage public debt. Central Banks, international and supranational institutions such as the World Bank, the International Monetary Fund, the European Central Bank, the European Investment Bank and other similar international organisations. Other institutional investors which are not subject to authorisation or supervision requirements and whose main activity is to invest in financial instruments, and entities offering the securitisation of assets and other financing transactions.   Individual investors are generally not categorised as Professional Investors. However, an individual investor may be categorised as professional Investor upon request to GraniteShares. GraniteShares may categorise an individual investor as professional investor only after an individual assessment has been conducted as to whether the client possesses the experience, knowledge and expertise to make an investment decision in general or with respect to a specific type of transaction, and if he is capable of adequately assessing the risks involved. GraniteShares will generally not categorise an individual investor as professional investor if the individual investor does not satisfy, as a minimum, two of the following three criteria: the investor has carried out transactions, in significant size, on the market on which the financial instruments are traded for which he is intended to be categorised as professional investor, at an average frequency of 10 per quarter over the previous year. the investor’s cash deposits and financial instruments exceed EUR 500,000. the investor has worked in the capital market for at least one year in a professional position which requires knowledge of the transactions, investment services and ancillary services envisaged.   An individual investor may only rely on a categorisation as Professional Investor if GraniteShares has, firstly, informed the individual investor in writing about such categorisation and the fact that the protection provisions relating to individual investors no longer apply, and secondly, the investor has confirmed in writing that he has been informed of this fact. Where an individual investor who is categorised as a Professional Investor does not keep GraniteShares informed about any change which may affect his c