Nothing on this website is an offer to sell or a solicitation of an offer to buy securities, fund interests, products, services, or investments by Keystone Capital Fund Inc. or any of its affiliates (collectively, "Keystone Capital"), or by any person or entity in any jurisdiction where their offer, sale, or distribution is not exempt from registration requirements or where it would be contrary to law or regulation. Any such offer or solicitation will be made only pursuant to confidential offering documents delivered directly to qualified investors in compliance with all applicable securities laws.

Past performance is not a reliable indicator of current or future performance and should not be relied upon. The value of investments and the income derived from them can go down as well as up, and investors may not recover the full amount invested. Keystone Capital does not guarantee any rate of return, income, or capital preservation.

Keystone Capital does not provide investment, legal, tax, accounting, or other professional advice through this website. You should seek your own independent professional advice before making any investment, financial, or other decision.

This website is for informational purposes only. Nothing contained herein constitutes an offer, solicitation, recommendation, endorsement, or promotion to purchase, sell, hold, or dispose of any security, fund interest, investment product, financial instrument, or digital asset, or to engage in any particular investment strategy or transaction.

Interests in funds managed by Keystone Capital are offered exclusively to qualified, accredited, sophisticated, or institutional investors as defined under applicable law, and only pursuant to the terms and conditions set forth in the relevant confidential offering memorandum, private placement memorandum, subscription agreement, limited partnership agreement, or other definitive documentation (collectively, "Offering Documents"). In the event of any conflict between the information on this website and the terms of any Offering Document, the Offering Document shall prevail.

All investments involve risk, including the potential for total loss of the amount invested. Investments in funds managed by Keystone Capital are speculative in nature and suitable only for investors who can afford to bear the risks involved, including prolonged periods of illiquidity and the complete loss of capital.

Specific risks may include, but are not limited to:

• Market risk — the value of investments may fluctuate significantly due to changes in market conditions, economic factors, geopolitical events, or investor sentiment;
• Liquidity risk — investments may be difficult or impossible to sell at a favorable price or at all, particularly in stressed market conditions;
• Credit and counterparty risk — the failure of a counterparty, broker, custodian, exchange, or other service provider may result in financial loss;
• Digital asset risks — to the extent that investment strategies involve digital assets, cryptocurrencies, tokens, or blockchain-related instruments, such investments are subject to extreme price volatility, limited or no liquidity, regulatory uncertainty, technology and smart contract failures, cybersecurity risks, and the potential for total loss of value;
• Regulatory risk — the legal and regulatory environment for investment funds, digital assets, and financial services is evolving and uncertain across jurisdictions, and changes in laws, regulations, or government policy may materially and adversely affect the value of investments or the operations of Keystone Capital;
• Operational risk — errors, failures, or disruptions in technology, processes, or personnel may result in financial loss;
• Currency risk — investments denominated in currencies other than an investor's base currency may be affected by exchange rate fluctuations;
• Concentration risk — funds may hold concentrated positions in a limited number of investments, increasing exposure to the performance of individual assets;
• Leverage risk — the use of leverage may amplify both gains and losses;
• Valuation risk — certain investments, including illiquid or early-stage assets, may be difficult to value accurately, and reported valuations may not reflect the price at which such assets could actually be sold;
• Tax risk — the tax treatment of investments may vary depending on the investor's jurisdiction and personal circumstances, and may be subject to change; and
• Force majeure risk — events beyond the control of Keystone Capital, including natural disasters, pandemics, wars, sanctions, government actions, or infrastructure failures, may adversely affect investments and operations.

The foregoing list of risks is not exhaustive. Prospective investors should carefully review all risk disclosures contained in the applicable Offering Documents before making any investment decision.

This website may contain forward-looking statements, including statements regarding expected performance, market outlook, investment strategy, and future plans. Such statements are based on current expectations and assumptions and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. Keystone Capital undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

The information on this website is provided "as is" and "as available" without any representations or warranties, express or implied, including without limitation warranties of merchantability, fitness for a particular purpose, accuracy, completeness, timeliness, or non-infringement. Keystone Capital does not warrant that the website will be uninterrupted, error-free, or free from viruses or other harmful components.

Keystone Capital does not represent or warrant that any information on this website is accurate, complete, reliable, or current. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind about the completeness, accuracy, reliability, suitability, or availability of the website or the information, products, services, or related graphics contained on the website for any purpose.

This website may contain information, data, research, or analysis obtained from third-party sources that Keystone Capital believes to be reliable. However, Keystone Capital has not independently verified such information and does not guarantee its accuracy, completeness, or timeliness. Keystone Capital assumes no liability for errors or omissions in any third-party information.

Any references to third-party products, services, companies, protocols, or platforms are for informational purposes only and do not constitute an endorsement, recommendation, or guarantee by Keystone Capital.

Any research, market commentary, analysis, or publications made available through this website represent the views and opinions of their respective authors as of the date of publication and are subject to change without notice. Such materials are provided for informational and educational purposes only and do not constitute investment advice, a recommendation, or a solicitation.

The information contained in research and publications should not be construed as a recommendation to buy, sell, or hold any investment. Past investment performance discussed in any publication does not guarantee future results.

Any hypothetical, back-tested, simulated, or model performance results presented on this website are for illustrative purposes only and do not represent actual trading or investment results. Hypothetical performance results have inherent limitations, including but not limited to: they are generally prepared with the benefit of hindsight, they do not reflect the impact of actual market conditions, and they cannot account for all factors associated with risk, including the impact of financial risk in actual trading. There are numerous other factors related to the markets in general or to the implementation of any specific investment strategy that cannot be fully accounted for in the preparation of hypothetical performance results, all of which can adversely affect actual results. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

The distribution of information on this website may be restricted by law in certain jurisdictions. This website is not directed at any person in any jurisdiction where the publication or availability of this website is prohibited or would subject Keystone Capital or its affiliates to any registration, licensing, or other requirement. Persons who access this website are responsible for informing themselves of and observing any such restrictions.

In particular, this website is not directed at, and the investment opportunities described herein are not available to, residents of any jurisdiction in which the marketing or distribution of fund interests or the provision of investment management services requires registration, licensing, or authorization that Keystone Capital does not hold.

To the fullest extent permitted by applicable law, Keystone Capital, its affiliates, directors, officers, employees, agents, and service providers disclaim all liability for any loss or damage arising from your use of this website or your reliance on any information contained herein, including but not limited to direct, indirect, incidental, consequential, special, exemplary, or punitive damages, regardless of the theory of liability.

All content on this website, including text, graphics, logos, images, research, data compilations, and software, is the property of Keystone Capital Fund Inc. or its licensors and is protected by applicable intellectual property laws. Unauthorized reproduction, distribution, or use of any materials on this website is strictly prohibited without the prior written consent of Keystone Capital.

This website may contain links to third-party websites or resources. These links are provided for your convenience only. Keystone Capital has no control over and assumes no responsibility for the content, privacy policies, or practices of any third-party websites. Accessing any third-party website linked from this website is at your own risk.

Keystone Capital is committed to complying with all applicable anti-money laundering, counter-terrorism financing, and sanctions laws and regulations. We reserve the right to refuse to accept any investment or to terminate any relationship if we are unable to satisfactorily verify the identity of the investor or if doing so would, in our sole judgment, violate or risk violating applicable law.

This Disclaimer shall be governed by and construed in accordance with the laws of the Republic of Panama, without regard to conflict-of-law principles.

If you have any questions about this Disclaimer, please contact us at: legal@keystonecapital.com

Last Updated: February 2026