TTHE INFORMATION SET FORTH IN THIS WEBSITE OR CORRESPONDING LINKS IS PROPRIETARY AND SHALL BE MAINTAINED IN STRICT CONFIDENCE.

EACH RECIPIENT HEREOF ACKNOWLEDGES AND AGREES THAT THE CONTENTS OF THIS WEBSITE OR CORRESPONDING LINKS (i) CONSTITUTE PROPRIETARY AND CONFIDENTIAL INFORMATION OF HERITAGE (“HERITAGE”) AND DERIVE INDEPENDENT ECONOMIC VALUE FROM NOT BEING GENERALLY KNOWN AND (ii) ARE THE SUBJECT OF REASONABLE EFFORTS TO MAINTAIN THEIR SECRECY.

THE RECIPIENT FURTHER AGREES THAT THE CONTENTS OF THIS WEBSITE ARE A TRADE SECRET, THE DISCLOSURE OF WHICH IS LIKELY TO CAUSE SUBSTANTIAL AND IRREPARABLE COMPETITIVE HARM TO HERITAGE. ANY REPRODUCTION OR DISTRIBUTION OF THIS WEBSITE, IN WHOLE OR IN PART, OR THE DISCLOSURE OF ITS CONTENTS, WITHOUT THE PRIOR WRITTEN CONSENT OF HERITAGE, IS PROHIBITED. THIS WEBSITE IS PROVIDED FOR EDUCATIONAL PURPOSES ONLY, REPRESENTS ONLY A SUMMARY OF XXXXXX.

THE TOPICS DISCUSSED SHOULD NOT BE CONSTRUED AS THE MAKING OF ANY INVESTMENT RECOMMENDATION. THIS WEBSITE WILL BE RETURNED TO HERITAGE UPON REQUEST.

THIS WEBSITE CONTAINS VARIOUS ESTIMATES OF FINANCIAL INFORMATION AND VALUATIONS OF SECURITIES. PERFORMANCE INFORMATION PRESENTED HAS NOT BEEN AUDITED. WHILE ALL SUCH INFORMATION IS PRESENTED BASED ON THE EXERCISE OF HERITAGE’S REASONABLE JUDGMENT, THERE CAN BE NO ASSURANCE THAT SUCH INFORMATION WILL PROVE TO BE ACCURATE.

IN ADDITION, CERTAIN FACTUAL STATEMENTS MADE HEREIN ARE BASED ON INFORMATION FROM VARIOUS SOURCES PREPARED BY OTHER PARTIES. WHILE SUCH SOURCES ARE BELIEVED BY HERITAGE TO BE RELIABLE, HERITAGE DOES NOT ASSUME ANY RESPONSIBILITY FOR THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION.

CERTAIN STATEMENTS IN THIS WEBSITE CONSTITUTE FORWARD-LOOKING STATEMENTS. WHEN USED HEREIN, THE WORDS “PROJECT,” “ANTICIPATE,” “BELIEVE,” “ESTIMATE,” “EXPECT,” AND SIMILAR EXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS, INCLUDING THE INTENDED ACTIONS AND PERFORMANCE OBJECTIVES OF THE RELEVANT PARTY REFERENCED HEREIN, INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, AND OTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE, OR ACHIEVEMENTS OF SUCH PARTY TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE, OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. ALL FORWARD-LOOKING STATEMENTS IN THIS WEBSITE SPEAK ONLY AS OF THE DATE HEREOF.

HERITAGE EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENT CONTAINED HEREIN TO REFLECT ANY CHANGE IN ITS EXPECTATION WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS, OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED. FURTHERMORE, NOTHING CONTAINED HEREIN IS, OR SHOULD BE RELIED UPON AS, A PROMISE OR REPRESENTATION AS TO THE FUTURE PERFORMANCE OF ANY FUND SPONSORED BY HERITAGE.

IN CONSIDERING ANY PRIOR PERFORMANCE INFORMATION CONTAINED HEREIN, PROSPECTIVE INVESTORS SHOULD BEAR IN MIND THAT PRIOR PERFORMANCE IS REFLECTIVE OF UNREALIZED INVESTMENTS AND IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS, AND THERE CAN BE NO ASSURANCE THAT ANY HERITAGE FUNDS WILL ACHIEVE FAVORABLE RESULTS OR BE ABLE TO AVOID LOSSES.

THIS WEBSITE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY HERITAGE FUND OR ANY OTHER SECURITY; IT IS NEITHER A PROSPECTUS NOR AN ADVERTISEMENT, AND NO OFFERING IS BEING MADE TO THE PUBLIC. PRIOR TO ACCEPTING ANY COMMITMENTS TO ANY HERITAGE FUND, PROSPECTIVE INVESTORS WILL HAVE THE OPPORTUNITY TO ASK QUESTIONS AND RECEIVE ANSWERS AND ADDITIONAL INFORMATION CONCERNING THE TERMS AND CONDITIONS OF SUCH FUND.

RECIPIENTS OF THIS WEBSITE ARE NOT TO CONSTRUE IT AS INVESTMENT, LEGAL, OR TAX ADVICE, AND IT IS NOT INTENDED TO PROVIDE THE BASIS FOR ANY EVALUATION OF AN INVESTMENT IN ANY HERITAGE FUND.

PROSPECTIVE INVESTORS SHOULD CONSULT WITH THEIR OWN LEGAL, INVESTMENT, TAX, ACCOUNTING, AND OTHER ADVISORS TO DETERMINE THE POTENTIAL BENEFITS, BURDENS, AND RISKS ASSOCIATED WITH MAKING AN INVESTMENT IN ANY HERITAGE FUND.