You declare that you have read and agreed to the Terms of Use and Legal Notices contained in the Brava Capital’s web site, www.bravacapital.com. If you do not agree to the Terms of Use and Legal Notices hereof, do not go further to the other pages of the Brava Capital’s web site (the “Site”).

The information and material contained in this Site are for information purposes only and does not constitute any investment advice nor investment recommendations, offer to purchase shares of funds or other investments, sale offer  and solicitation to enter into a transaction and should not be used for this purpose. Such information and material should not be regarded by recipients as a substitute for the exercise of their own judgment and do not replace the need to consult the laws, regulations applicable to Brazil and your country and jurisdiction and qualified professionals, who should take into account your needs and specific objectives to advise you. No information contained in Brava Capital’s website constitutes financial, legal, accounting or tax advice or indication of suitability of any investment to any investor. Investors are advised to carefully read the by laws, prospectuses and all additional information on investment funds before investing. Therefore, before making an investment or taking part in any proposed transaction, you must evaluate and decide without relying on our company or our affiliates, risks, economic merits, characterizations, legal consequences, tax and accounting risks of the transaction/investment if you are able to take these risks. Brava Capital is not responsible for investment decisions based on this material/site.

While the information contained herein is obtained from sources believed to be reliable and well-intentioned, Brava Capital do not independently review the site’s information and do not provide any guarantees on the published information and/ or functionality contained in Brava Capital’s Site, including but not limited to, the accuracy, correctness, completeness, genuineness, ownership, security, utilization, availability, updates or suitability for a particular purpose can be provided as to the accuracy, completeness or safety of materials, including its references to values of securities and other matters contained therein. Any opinions are subject to change without prior notice to users, and may differ or be contrary to opinions expressed by other people, areas or groups within Brava Capital itself as a result of different analyzes, criteria and interpretations. Brava Capital is not obliged whatsoever to keep the information updated on the site. The data and content mentioned in the site refer to the dates and terms indicated. Brava Capital reserves the right to change them at any time and without the need for prior written communication. The terms described herein are intended only for discussion purposes and are subject to final expression of transaction terms in definitive agreement, by laws and prospectuses for additional information on the fund. The site content can not, under any circumstances, be copied, reproduced, retransmitted or distributed, either in whole or in part without prior written permission of Brava Capital.

Before making your investment, for better understanding of the products, it is recommended to carefully read the by laws and Prospectuses of the Funds.

For evaluation of the fund’s performance, a period of analysis of at least twelve (12) months is recommended.

Investments in investment funds are subject to investment risks, including possible loss of the invested capital and are not guaranteed by the Directors, the Investment Manager, by any insurance mechanism or by the Brazilian Credit Guarantee Fund (FGC) (Brazilian FDIC equivalent).

Past performance is no guarantee of future returns.