Openstone, a brand of Innovative Finance SAS

5 Parv. Alan Turing, 75013 Paris - France

Email: bonjour@openstone.com

Website: www.openstone.com

Management Board: Yazid Aksas, Nadim Takchi

Registered in the Commercial Register at: Paris, France

Journalistically and editorially responsible person : Nadim Takchi, CEO

Notice on dispute resolution:

Pursuant to our obligation to inform you under the Regulation No 524/2013 on Online Dispute Resolution for consumer disputes, you may access the platform of the EU Commission regarding online dispute resolution under the following link https://ec.europa.eu/consumers/odr/

Performance Not Guaranteed

Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are not guaranteed and may not reflect actual future performance. Your capital is at risk.

Risk of Loss

Investments offered by Openstone involve a high degree of risk and may result in partial or total loss of your investment. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. Openstone products are restricted to investors who have filled the appropriateness questionnaire on the platform.

Illiquid Investments

Investments offered by Openstone are illiquid and there is no guarantee that you will be able to exit your investments early. Additionally, investors will typically receive illiquid and/or restricted membership interests that may be subject to holding period requirements and/or liquidity concerns. In the most sensible investment strategy for private equity investing, private equity should only be part of your overall investment portfolio. Further, the private equity portion of your portfolio may include a balanced portfolio of different private equity funds. Investments in private equity are highly illiquid and those investors who cannot hold an investment for the long term (at least 10 years) should not invest.

Risk Summary

Due to the potential for losses, this type of investment can be very complex and high risk.

What are the key risks?

1. You could lose all the money you invest

• If the business offering this investment fails, there is a high risk that you will lose all your money.

• Advertised rates of return aren’t guaranteed. This is not a savings account. If the issuer doesn’t pay you back as agreed, you could earn less money than expected or nothing at all. A higher advertised rate of return means a higher risk of losing your money. If it looks too good to be true, it probably is.

2. You are unlikely to be protected if something goes wrong

The compensation schemes, in relation to claims against failed regulated firms, does not cover investments in unregulated collective investment schemes. You may be able to claim if you received regulated advice to invest in one, and the adviser has since failed.

3. You are unlikely to get your money back quickly

• You are unlikely to be able to cash in your investment early by selling your investment. In the rare circumstances where it is possible to sell your investment in a ‘secondary market’, you may not find a buyer at the price you are willing to sell.

• You may have to pay exit fees or additional charges to take any money out of your investment early.

4. This is a complex investment

• This kind of investment has a complex structure based on other risky investments, which makes it difficult for the investor to know where their money is going.

• This makes it difficult to predict how risky the investment is, but it will most likely be high.

• You may wish to get financial advice before deciding to invest.

5. Don’t put all your eggs in one basket

• Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well.

• A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

No Investment Recommendations

Openstone does not make investment recommendations and no communication, through this website or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. No material provided by Openstone is intended to address the financial objectives, situation or specific needs of any individual investor. Alternative investments in private placements, and private equity investments via feeder funds in particular, are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Prospective investors should carefully consider the risk warnings and disclosures for the respective fund or investment vehicle set out therein. Information provided by Openstone is subject to change, may be incomplete, and has been obtained from sources believed to be reliable, but not guaranteed. Openstone assumes no liability for the information provided. The value of an investment may go down as well as up and investors may not get back their money originally invested. Past performance is not necessarily a guide to future performance. An investment in a fund or investment vehicle is not the same as a deposit with a banking institution. Please refer to the respective fund documentation for details about potential risks, charges and expenses.