Disclosures

Please read the following disclosures as they provide important information and context. Additional information is available upon request except where the proprietary nature of the information precludes its dissemination.

Portfolio allocations shown on this site are for illustrative purposes only and may not reflect the actual or current implementation of our strategy. The performance is for informational and educational purposes only and should not be relied upon as a prediction of future market performance or Convoy management performance. The performance provided is gross of management fees and includes the reinvestment of all interest, gains, and losses. No representation is being made that any account will or is likely to achieve returns similar to those shown. Past performance are not necessarily indicative of future results. Performance as of the current month is estimated and subject to change. Risk expectations shown here are based on our analysis and reasonable people may disagree with the assumptions used and expectations developed there from and there is no guarantee the expectations shown can be achieved. The expectations are considered hypothetical and are subject inherent limitations.

Client returns reported here are gross of fees total returns. The returns reported are based on market prices and intended for informational purposes only. Final redemption value may be impacted by transaction costs and liquidity considerations. This document is not intended to be legally binding. For the full legal contract, each investor should carefully review the Private Placement Memorandum, the Limited Partnership Agreement, and the Subscription Agreement. The views expressed here are sole that of Convoy Investments LLC and are subject to change without notice. Reasonable people may disagree. You should assume that Convoy Investments LLC has a financial interest in the views discussed. The research presented is for informational and educational purposes only and is not an offer to sell or the solicitation of an offer to buy the investments mentioned. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual investors. Investors should consider whether any advice or recommendation in this research is suitable for their particular circumstances and, where appropriate, seek professional advice, including tax advice. Investment decisions should not be based solely on simulated, hypothetical or illustrative information. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Certain transactions, including those involving futures, options, and other derivatives, give rise to substantial risk and are not suitable for all investors. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of Convoy Investments LLC.

Convoy Investments is not in any way related to, sponsored by, or affiliated, connected, or associated with Bridgewater Associates, LP or any of its affiliates. Neither Howard Wang nor Robert Wu was ever responsible for overseeing, managing, or making investment decisions for any Bridgewater fund or portfolio.

Privacy Policy

This Privacy Policy is effective as of January 1, 2013.

Convoy is committed to preserving the confidentiality of all individually identifiable and proprietary information about our clients, potential clients, and employment candidates. By visiting or submitting data through this "Website, you are accepting and consenting to the provisions set forth in this Privacy Policy. If you do not agree to this Privacy Policy, you are instructed not to use this Website.

Scope

This Privacy Policy covers only data collected through the Website ("Data") and not any other data collection or processing, including, without limitation, data collection practices of other web pages to which we link or data that we or our affiliates collect offline or through web pages that do not display a direct link to this Privacy Policy.

Types of Data and Collection Methods

Passively Tracked Data: During your use of this Website, Convoy may, itself or through a third party vendor, passively collect technical and usage Data from you, the User, pertaining to your computer and/or Internet connection. Such Data may include the number and frequency of your visits to this Website, information regarding websites accessed immediately before and after your visit to this Website, your Internet browser type, your preferences on our Website, and IP address. The technical and usage Data may be used by Convoy to keep you informed about software compatibility issues and upgrades, to assist Convoy's web design team in maintaining and improving this Website, and to enhance and/or personalize your visits to this Website. This technical and usage Data may be collected using "cookies", which is technology commonly used on other websites, or other similar means. In some instances, we use cookies to collect Data in connection with future visits from the Website, to recognize you as a previous visitor and to track your activity on the Website. You do not need to have cookies turned on to visit our Website and can refuse cookies by turning them off on your browser. However, it is possible that you may not be able to utilize all the Website's features if you choose to do so.

Actively Tracked Data: Convoy may also collect and store Data, or engage a third party vendor to collect and store Data voluntarily provided by you, the User, while visiting this Website. User-provided Data may include client login data, contact information, information related to the business you represent, information related to the financial information services you have requested, or information provided while seeking employment at Convoy, including but not limited to your resume or other personal information. In each such instance, you will know what Data we collect through the Website, because you actively submit it to us.

Combinations: Unless you also actively submit personal information, such as your name or address, passively tracked Data does not typically allow us to identify you personally. To the extent permitted by applicable law, we reserve the right to combine passively tracked Data with personal Data that you actively submit.

Collection Purposes, Use of Data

We generally collect Data for purposes of administering, protecting and improving our Website and our systems, to better understand the preferences of our Website visitors, to identify server problems, to compile aggregated statistics about Website usage, to help personalize your experience of our Website, and to respond to your particular requests or submissions, e.g., an application for employment that you submit. When an individual representative of a Convoy client or potential client submits Data in connection with the use of Convoy products or services, we collect and process the Data as a data processing agent. In other words, we collect and process the Data only for the client's benefit, and for the purpose(s) for which you originally sent us the Data (e.g., to provide the services or products you requested).

Disclosures of Personal Information

Convoy will not sell or rent your personal and/or proprietary Data to anyone except as follows: We freely share your Data with our affiliates. We also share your Data with agents and service providers who use the Data, under confidentiality agreements, for our purposes only and only under our instructions, e.g., third parties who provide us on-site web analytics services (for example, website tracking, content delivery, etc.). We may share your Data as required by law or in the interest of protecting or exercising our or others' legal rights, e.g., without limitation, in connection with requests from law enforcement officials and in connection with court proceedings. We may share or transfer your Data in connection with a prospective or actual sale, merger, transfer or other reorganization of all or parts of our business. Also, we reserve the right to fully use and disclose any Data collected via the Website that is not in personally identifiable form.

Opt-Out

In connection with promotions or other projects, we may ask you specifically whether you have objections against a certain kind of Data use or sharing. If you opt-out under such circumstances, we will respect your decision. To opt-out of receiving further commercial e-mails or to unsubscribe from services, please contact us at ir@convoyinvestments.com.

Access

If personal Data you have submitted through the Website is no longer accurate, current, or complete, and you wish to update it, please send an e-mail to ir@convoyinvestments.com. Upon appropriate request we will usually be glad to update or amend your information, but we reserve the right to use Data previously obtained to verify your identity or take other actions that we believe are appropriate.

Security

Transmissions over the Internet are never 100% secure or error-free. However, with respect to our internal security procedures, Convoy takes reasonable steps to maintain physical, electronic, and procedural safeguards in order to protect your personal Data from loss, misuse, and unauthorized access, disclosure, alteration, and destruction. Convoy also requires third party companies that we hire and to whom we disclose Data to keep such information confidential and to use it only to perform the services for which we hire them and only under our instructions. It is your responsibility to safeguard any password and User ID you use to access the Website and to notify us at ir@convoyinvestments.com if you ever suspect that this password or User ID has been compromised. You are solely responsible for any unauthorized use of the Website conducted via your password and User ID.

Terms and Condition of Use

These Website Terms and Conditions of Use ("Terms") are effective as of January 1, 2013.

Convoy Investments, LLC ("Convoy" or "we") reserves the right to change, modify, add or remove portions of the Terms or Privacy Policy at any time for any reason and in our sole discretion. We suggest that you periodically review the Terms and Privacy Policy for amendments. You acknowledge that by accessing http://www.convoyinvestments.com (or other web pages with links to the Terms or Privacy Policy) (collectively, "Website") you are agreeing to the Terms and Privacy Policy as modified from time to time. We will alert you if changes have been made by indicating on the Terms or Privacy Policy the date they were last amended.

Please feel free to contact us with any comments, questions, complaints or suggestions you might have regarding the information practices described in these Terms or Privacy Policy. You may send us an e-mail at ir@convoyinvestments.com.

WEBSITE TERMS AND CONDITIONS OF US E

PLEASE READ THESE TERMS CAREFULLY BEFORE VISITING THE WEBSITE OR USING THE ONLINE SERVICES AND PRODUCTS PROVIDED THEREON. BY UTILIZING THE WEBSITE, YOU ACKNOWLEDGE THAT YOU (the "User") HAVE READ THESE TERMS AND THAT YOU AGREE TO BE BOUND BY THEM. IF YOU DO NOT AGREE TO ALL OF THE TERMS, YOU ARE NOT AN AUTHORIZED USER OF THESE SERVICES AND PRODUCTS AND YOU SHOULD NOT USE THIS WEBSITE.

UNAUTHORIZED USE OF THIS WEBSITE, INCLUDING BUT NOT LIMITED TO MISUSE OF PASSWORDS OR POSTED INFORMATION, IS STRICTLY PROHIBITED. AUTHORIZED USERS OF THIS WEBSITE INCLUDE ANY USERS VISITING THIS WEBSITE FOR PERSONAL AND/OR INFORMATIONAL PURPOSES, CLIENTS AND POTENTIAL CLIENTS OF CONVOY, CONVOY EMPLOYEES, CANDIDATES FOR EMPLOYMENT OR USERS SEEKING INFORMATION ABOUT EMPLOYMENT OPPORTUNITIES AT CONVOY, AND ANY OTHER USERS AUTHORIZED BY CONVOY.

USE OF THIS WEBSITE BY RECRUITERS, "HEAD HUNTERS," EMPLOYMENT CONSULTANTS OR AGENCIES, PERSONNEL PLACEMENT AGENCIES, PROFESSIONAL SERVICES COMPANIES, EMPLOYMENT CONTRACTORS AND STAFFING AGENCIES SEEKING CURRENT CONVOY EMPLOYEES AS CANDIDATES FOR PLACEMENT IS STRICTLY PROHIBITED.

No Offer/Local Restrictions

Nothing contained in or on the Website should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, or investment or to engage in any other transaction. Convoy offers a number of products and services designed specifically for various categories of investors in various countries and regions. Not all products will be available to all investors. These products or services are only offered to such investors, in those countries and regions, in accordance with applicable laws and regulations. The information provided on the Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. All persons and entities accessing the Website do so of their own initiative and are responsible for compliance with applicable local laws and regulations. The Website is not directed to any person in any jurisdiction where the publication or availability of the Website is prohibited, by reason of that person's nationality, residence or otherwise. Persons subject to these restrictions must not access the Website.

Copyrights

All materials displayed or otherwise contained on this Website, including without limitation, all images, text, articles, programs, photographs, illustrations, and graphics are owned by Convoy, or a licensor thereof, and are protected by U.S., and international copyright laws. Any commercial use of these materials by the User is strictly prohibited without the express written permission of Convoy, and nothing contained on this Website should be construed as granting, by implication, estoppel, or otherwise, such permission.

By utilizing this Website, the User agrees not to sell, copy, publish, distribute, transfer, modify, display, reproduce or create derivative works from the materials on this Website for commercial use. The User agrees not to publish, display or redeliver any of the pages, text, images or content of this Website using "framing" or similar techniques. The User also agrees not to publish or maintain a hyperlink to any portion or page of this Website other than to the homepage (/) unless such hyperlink is for personal use AND is created and transmitted using the "email this page" function of the Website.

Trademarks and Service Marks

All trademarks, service marks, trade names, and logos displayed on this Website (collectively referred to as the "Marks") are proprietary to Convoy or their respective owners, and are protected by U.S. and international trademark laws. Any use of the Marks, or any other Marks owned by or licensed to Convoy without Convoy's express written consent, is strictly prohibited.

No Warranty, Limitation of Liability

THE INFORMATION ON THE WEBSITE IS PROVIDED "AS IS". CONVOY DOES NOT WARRANT THE ACCURACY OF THE MATERIALS PROVIDED HEREIN, EITHER EXPRESSLY OR IMPLIEDLY, FOR ANY PARTICULAR PURPOSE AND EXPRESSLY DISCLAIMS ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

YOU ACKNOWLEDGE THAT CONVOY SHALL HAVE NO LIABILITY, CONTINGENT OR OTHERWISE, TO YOU OR TO ANY THIRD PARTIES, OR ANY RESPONSIBILITY WHATSOEVER, FOR THE FAILURE OF ANY CONNECTION OR COMMUNICATION SERVICE, TO PROVIDE OR MAINTAIN YOUR ACCESS TO ONLINE SERVICES OR PRODUCTS, OR FOR ANY INTERRUPTION OR DISRUPTION OF SUCH ACCESS OR ANY ERRONEOUS COMMUNICATION BETWEEN Convoy AND YOU. CONVOY SHALL HAVE NO LIABILITY, CONTINGENT OR OTHERWISE, TO YOU OR TO THIRD PARTIES, FOR THE ACCURACY, QUALITY, TIMELINESS, PERFORMANCE, RELIABILITY, OR COMPLETENESS OF THE INFORMATION OR SERVICES CONTAINED ON THE WEBSITE, OR DELAYS, OMISSIONS, OR INTERRUPTIONS IN THE DELIVERY OF THE DATA OR SERVICES OR PRODUCTS AVAILABLE ON THIS WEBSITE OR FOR ANY OTHER ASPECT OF THE PERFORMANCE OF THESE SERVICES AND PRODUCTS. IN NO EVENT WILL CONVOY BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES THAT MAY BE INCURRED OR EXPERIENCED ON ACCOUNT OF THE USE OF ANY DATA OR SERVICES OR PRODUCTS MADE AVAILABLE ON THIS WEBSITE, EVEN IF CONVOY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. CONVOY SHALL HAVE NO RESPONSIBILITY TO INFORM OR NOTIFY YOU OF ANY DIFFICULTIES EXPERIENCED BY CONVOY OR ANY THIRD PARTIES WITH RESPECT TO THE USE OF THE SERVICES, PRODUCTS OR DATA PROVIDED HEREIN.

YOU FURTHER ACKNOWLEDGE THAT NOTHING CONTAINED ON THIS WEBSITE (INCLUDING, BUT NOT LIMITED TO, STRATEGIES AND RESEARCH, DAILY WIRES, AND EDUCATIONAL ARTICLES) CONSTITUTES INVESTMENT, LEGAL, TAX OR OTHER ADVICE, NOR IS IT TO BE RELIED UPON IN MAKING ANY INVESTMENT OR OTHER DECISIONS. YOU SHOULD SEEK PROFESSIONAL ADVICE PRIOR TO MAKING ANY INVESTMENT DECISIONS.

Severability

If any of the provisions of these Terms are deemed unlawful or for any reason unenforceable, the same shall be inoperative only to the extent necessary to achieve compliance with applicable law and shall not affect the remaining Terms, which shall be given full effect, without regard to the invalid portion(s).

Governing Law

The laws of the State of New York shall govern these Terms. The User agrees that any dispute or controversy arising out of these Terms shall be prosecuted exclusively in the state or federal courts in the State of New York.

Additional Terms

Certain webpages on this Website may contain separate terms and conditions, which are in addition to these Terms. In the event of a conflict, the additional terms and conditions will govern such webpages.