Social Media Disclaimer

Contrarian Investors, LLC (“Contrarian”) is registered with the Commodity Futures Trading Commission (“CFTC”) as a Commodity Trading Advisor and Commodity Pool Operator and is a member of the National Futures Association (the “NFA”), relying on Rule 4.7 under the U.S. Commodity Exchange Act, as amended. Contrarian may sponsor and publish posts on or through pages, profiles, accounts, feeds, channels or other portions of various social media platforms, including but not limited to LinkedIn and Twitter for educational, promotional or other business reasons.

CONTRARIAN POSTS

No Contrarian post published on any social media platform is an offer to sell or a solicitation of an offer to buy shares of any Contrarian investment product to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Additionally, all Contrarian posts published on any social media platform are for informational purposes only and should not be considered as investment advice or a recommendation to invest in any particular security, strategy or investment product.

Contrarian posts on social media may include statements concerning financial market trends, and are based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Historic market trends are not reliable indicators of actual future market behavior or future performance of any particular investment which may differ materially, and should not be relied upon as such. The investment strategy and broad themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information contained in posts has been obtained from sources believed to be reliable, but not guaranteed. You should note that the materials on the social media platforms are provided “as is” without any express or implied warranties. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. All investments involve a degree of risk, including the risk of loss. No part of Contrarian’s posts may be reproduced in any form, or referred to in any other publication, without express written permission from Contrarian.

Contrarian posts may provide links to third-party websites only as a convenience and the inclusion of such links does not imply any endorsement, approval, investigation, verification or monitoring by Contrarian of any content or information contained within or accessible from the linked sites. While we make every attempt to provide links only to those websites we think are trustworthy and accurate, we cannot be responsible for the content or accuracy of the information presented on those websites and we specifically disclaim any liability for any loss or damages which you may incur, directly or indirectly, as a result of your use of them. We reserve the right to terminate a link to a third-party website at any time.

GENERAL USER GUIDELINES

Due to the highly regulated nature of our industry, Contrarian may not reply to user comments. Please ensure that your contributions in relation to any Contrarian posts are relevant and topical. Do not publish your own advertisements of any kind on any Contrarian social media page or with respect to any Contrarian posts. We ask you to be respectful and courteous and refrain from publishing, including through hyperlinks, inappropriate or offensive material on any Contrarian social media page. Do not attempt to promote investments (this includes posting testimonials, giving investment advice, or making recommendations about specific securities, securities strategies, products or services) on any Contrarian social media page. Do not attempt to submit to Contrarian any personal, confidential or account information through any Contrarian social media page. Contrarian is not subject to any obligations of confidentiality regarding information submitted to them through any Contrarian social media page or otherwise through any social media platform.

THIRD-PARTY POSTS ON ANY CONTRARIAN SOCIAL MEDIA PAGE

While Contrarian may monitor third-party posts published on any Contrarian social media page, such posts are not reviewed before being displayed. Third-party posts on any Contrarian social media page are the view and responsibility of the third-party, not Contrarian. Contrarian cannot guarantee the appropriateness, accuracy or usefulness of any third-party posts or of any third-party hyperlink, nor are they responsible for any unauthorized or copyrighted materials contributed by a third-party in any Contrarian social media page. Contrarian reserves the right to remove or edit any third-party posts or comments on any Contrarian social media page that are inappropriate or that violate (or may violate) applicable regulations.

Contrarian does not publish or otherwise disseminate statements relating to current or former clients’ positive experiences with or endorsements of Contrarian and expect you to refrain from publishing such posts on any Contrarian social media page. You should limit your posts on any Contrarian social media page to investment themes rather than commenting, positively or negatively, on Contrarian, its products, services or personnel. Although our clients may follow this account, this should not be understood as a testimonial regarding any client’s experience with our firm.

Any descriptions of, references to, or links to other products, publications or services do not constitute an endorsement, authorization, sponsorship by, or affiliation with Contrarian with respect to any hyperlinked site or its sponsor, unless expressly stated by Contrarian. Contrarian expressly disclaims any responsibility for the posts, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites, as posted by third parties on any Contrarian Social media page.

USE SOCIAL MEDIA PLATFORMS AT YOUR OWN RISK

Contrarian has no responsibility for any social media site’s operations and services. Contrarian and its respective affiliates, directors, officers, or employees are not liable for any direct, indirect, incidental, consequential, punitive or special damages arising out of or in any way connected with your access or use of, or inability to access or use, a social media platform, any Contrarian social media page thereon or reliance on any Contrarian post or any failure of performance, interruption, defect, delay in transmission, computer viruses or other harmful components, or line or system failure associated with a social media platform or any Contrarian social media page thereon. Use of a social media platform or any Contrarian social media page thereon is at your own risk.

PRIVACY POLICY

Contrarian is not responsible for the terms of use or privacy policies of any social media platform on which Contrarian posts may appear, including in any Contrarian social media page. Please ensure you read the privacy statements on each social media platform for additional information on what information is collected and used by that social media platform. For additional information regarding account security and privacy, refer to our Privacy Policy, available on our website.

YOUR ACCEPTANCE OF THESE TERMS

Your use of the Site constitutes your acceptance of the terms contained herein. You may reject these terms by leaving the Site at any time.

For additional information about Contrarian or to contact us, please visit our website at: www.contrarianinvestors.com.