1. Legal Notice

Please read the following legal notice / terms and conditions of use (“Terms and Conditions of Use”) carefully before accessing the websites of the Luxburg Carolath Foundation companies. By accessing the Luxburg Carolath Foundation website, you confirm that you have read and understood the Terms and Conditions of Use and that you accept all the terms set forth herein. If you do not understand or agree with any of the terms contained in the Terms and Conditions of Use, please exit the Luxburg Carolath Foundation website.

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2. Restricted access

The Luxburg Carolath Foundation website should not be accessed by any person subject to a jurisdiction (for example, due to that person's nationality and/or place of residence) in which the publication of the content of the Luxburg Carolath Foundation website or access to it is prohibited for any reason. Persons to whom these restrictions apply are prohibited from accessing the Luxburg Carolath Foundation website.

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3. No offers

The information and opinions published on the Luxburg Carolath Foundation website shall not be construed as any form of promotion, recommendation, inducement, offer or solicitation to (i) buy or sell investment instruments, (ii) conduct any other business or (iii) engage in any other legal transaction. They are provided for information purposes only. The investment instruments and services described may not be suitable for you or may not be available.

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4. No advice

The information and opinions published on the Luxburg Carolath Foundation website do not constitute, nor are they intended to provide or be interpreted as investment advice, or legal, tax, financial or other advice. Such information and opinions should not be relied upon or used as the basis for making decisions. Consult an expert in the relevant field before making any specific decision. No information contained in or accessible from the Luxburg Carolath Foundation website should be construed as creating a contractual relationship between the providers of such information and the users of the website.

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5. No warranty

Luxburg Carolath Foundation has exercised the utmost care in compiling the information contained in this website. The information provided on the Luxburg Carolath Foundation website is constantly updated and verified for accuracy. However, neither the Luxburg Carolath Foundation nor its contracting partners make any representation or warranty (whether express or implied) that any information published on the Luxburg Carolath Foundation website is accurate, reliable, current or complete. In particular, the Luxburg Carolath Foundation is under no obligation to update or remove outdated information or opinions from the Luxburg Carolath Foundation website or to mark them as outdated. The information and opinions contained on the Luxburg Carolath Foundation website are subject to change at any time without notice.

Furthermore, no guarantee is given that the Luxburg Carolath Foundation website will function without errors or interruptions, that faults will be corrected or that the Luxburg Carolath Foundation website and the servers from which the information can be accessed will be free of viruses, Trojans, worms, software bombs or other harmful components and programs and Luxburg Carolath Foundation accepts no responsibility in respect thereof.

The past performance of an investment instrument is not necessarily indicative of its future performance. Investments in foreign currency are also subject to exchange rate fluctuations. Distributions paid in relation to an investment instrument may also vary. Luxburg Carolath Foundation makes no guarantee as to (i) the growth or preservation of any capital invested in an investment instrument and (ii) the amount of any future distributions.

All information available on this website, including but not limited to financial market data, price data, reports, research, and other financial information is based on carefully selected sources that are deemed to be reliable. All information is provided to users on an “as is” and “as available” basis without any representation or warranty either express or implied as to the quality, originality, non-infringement of intellectual property rights or fitness for a particular purpose.

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6. No liability

Luxburg Carolath Foundation makes no warranty that the information provided on its website is up to date, accurate or complete and assumes no responsibility in this respect. The Luxburg Carolath Foundation shall not be liable for any direct or indirect loss or damage, including but not limited to loss of profit, that you may suffer as a result of the information provided on the Luxburg Carolath Foundation website, or for any loss or damage resulting directly or indirectly from the use of the Luxburg Carolath Foundation website and the information contained therein or from the risks associated with the financial markets. Luxburg Carolath Foundation shall only be liable for loss or damage attributable to ordinary negligence if such loss or damage was foreseeable. Liability for loss of profit and loss of earnings is excluded.

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7. No orders

The input fields on the Luxburg Carolath Foundation website are not intended to be used to place orders (e.g. orders for the purchase/sale of investment instruments) with Luxburg Carolath Foundation. Luxburg Carolath Foundation will not execute any orders placed in this way, nor notify the sender accordingly, and no legally binding contract will come into force between the sender and Luxburg Carolath Foundation.

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8. Intellectual property, copyright and trademark rights

All components of the Luxburg Carolath Foundation website are protected by intellectual property laws and are the property of the Luxburg Carolath Foundation or third parties. Users do not acquire any rights, including rights to any software, trademarks or components of the Luxburg Carolath Foundation website, by downloading or printing any materials from the Luxburg Carolath Foundation website. Copyright notices and trademarks may not be modified or removed. The components of the Luxburg Carolath Foundation website may not be reproduced in whole or in part in any manner or form (including electronic or print form) without the prior written consent of the Luxburg Carolath Foundation and unless full acknowledgment of the source is provided.

Users may not create online hyperlinks or links from other websites to the Luxburg Carolath Foundation website without the prior written consent of the Luxburg Carolath Foundation.

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9. Potential conflicts of interest

The Luxburg Carolath Foundation, its directors or employees may have previously invested, may currently be investing or may invest in the future in investment instruments about which information and opinions are provided on the Luxburg Carolath Foundation website. It is also possible that the Luxburg Carolath Foundation has previously provided, is providing or will provide services to the issuers of such investment instruments in the future, including, for example, corporate finance or market making services. In addition, it is possible that employees or directors of the Luxburg Carolath Foundation have previously performed, are currently performing or will perform certain functions on behalf of the issuers of such investment instruments, e.g. serving as a director. Therefore, the Luxburg Carolath Foundation, its directors or employees may have an interest in the future performance of the investment instruments.

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10. Links to other websites

The Luxburg Carolath Foundation website may contain links to the websites of other providers and information provided by such providers (“External Links”). Luxburg Carolath Foundation provides links to external websites in addition to its own information solely for the purpose of improving ease of use and providing information to users. Luxburg Carolath Foundation has no control over the content of such external websites and accepts no responsibility whatsoever with regard to the accuracy, reliability, completeness, truthfulness or timeliness of such material or its suitability for a particular purpose. Luxburg Carolath Foundation excludes all liability, including, but not limited to, liability for any direct or indirect loss or damage or any consequences that may arise from or in connection with the use of content on external websites. Although the linked sites are carefully selected, Luxburg Carolath Foundation has no control over the content of such sites.

Consequently, Luxburg Carolath Foundation does not accept any responsibility with respect to the content of external links, including, in particular, any content that is modified after the link was created. The Luxburg Carolath Foundation is not responsible for transferring such information, selecting the information sent or the recipients thereof, or altering any information provided. The Luxburg Carolath Foundation does not automatically store such external links temporarily due to the method used to create and access links. The operators of websites accessible via external links are therefore solely responsible for the content of the linked sites.

Furthermore, Luxburg Carolath Foundation does not offer any guarantee that such websites or their content do not infringe the copyright, trademarks or other rights of third parties, or that such websites or their content are free of viruses or other harmful components. No guarantee is offered as to the authenticity of documents available on the Internet.

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11. Changes to the terms and conditions of use

The Luxburg Carolath Foundation reserves the right to change these Terms and Conditions of Use from time to time. Please read these Terms and Conditions of Use each time you access the Luxburg Carolath Foundation website to ensure that you agree to the terms of any amended version. If you do not understand or agree to any of the terms contained in the Terms and Conditions of Use currently in force, please exit the Luxburg Carolath Foundation website.

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12. Assignment and Delegation

Both the Luxburg Carolath Foundation and its successors and legal agents have the right to rely on these Terms and Conditions of Use. Luxburg Carolath Foundation may assign its rights under these Terms and Conditions of Use. Luxburg Carolath Foundation may also delegate its duties or assign any of its obligations under these Terms and Conditions to third parties.

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13. Execution of waivers

The disclaimers set forth above shall be deemed to be part of the content of any website from which this website was referenced. If any section or individual provision hereof is or becomes illegal or unenforceable, whether in whole or in part, such sections or provisions shall not affect the content or validity of the remaining parts of the document.

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14. Applicable law / place of jurisdiction

Access to and use of the website, as well as the Terms and Conditions of Use, shall be governed by and interpreted in accordance with Venezuelan legislation.