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IMPORTANT LEGAL INFORMATION AND TERMS OF USE

Please read the following Important Legal Information and Terms of Use (the “Terms of Use”) prior to using this web site (the “Site”). By using or otherwise accessing this Site you agree to the terms, conditions, policies and restrictions governing the use of this Site, which thus constitute a legal agreement between you and Mundoval Capital Advisers LLC (“Mundoval Capital”). Mundoval Capital may change, suspend, or discontinue any aspect of the Site at any time, including the availability of any Site feature, database, or content. Your continued use of the Site following the posting of any changes to the Terms of Use constitutes acceptance of those changes. Unless the context otherwise makes clear, all references to “Mundoval Capital” in this Site refer to Mundoval Capital Management, Inc.. You must abide by any and all terms of use and policies posted on the Site.

No Offer to Sell or Solicitation of an Offer to Buy; No Investment Advice The information provided on this Site is for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or commodities, or investment advice relating to securities or commodities, or a representation that any security or commodity is a suitable or appropriate investment for any person. You are advised to give independent consideration to, and conduct independent investigation with regards to, this information and to obtain investment advice from your financial, legal and tax advisors. Further, the use of the information provided herein is at the reader’s risk, expressly purports an obligation of due diligence and is strictly intended for informational purposes and should not be construed as a solicitation by Mundoval Capital. If you are interested in our services, please e-mail us or call and request our Disclosure Brochure (Part II of the Form ADV); which provides detailed information about Mundoval Capital Management, Inc. and any inherent risks that may be associated with our services.

Investment Adviser Registration Mundoval Capital Management, Inc. is registered as an investment adviser under the Investment Advisers Act of 1940 and is regulated by the SEC. Mundoval Capital Management, Inc. may only transact business or render personalized investment advice in those states and international jurisdictions where we are registered or otherwise qualified to do so.

Privacy And Protection of Personal Information  Mundoval Capital is committed to maintaining the privacy of any nonpublic information that we obtain about you through your use of the Site. Except as may otherwise be required by law, we will disclose any such information to service providers of Mundoval Capital (to the extent permitted by law) and to third parties only to the extent necessary or appropriate for the effective management and administration of Mundoval Capital’s operations, the Site, or our investment funds.

Disclaimer of Warranty and Limitation of Liability THE SITE AND ALL INFORMATION CONTAINED HEREIN IS MADE AVAILABLE ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. YOU HEREBY ACKNOWLEDGE THAT YOUR USE OF THE SITE IS AT YOUR SOLE RISK. Information contained, including pricing, valuation, and commentary on specific products, if any, reflects the authors’ analysis and other information available as of the publication date indicated. Furthermore, any quotations, news, opinions, commentaries, recommendations, data, pricing and all other information contained on this Site are believed to be accurate and reliable, but Mundoval Capital cannot and does not guarantee its timeliness, completeness or accuracy as of the viewing date. Neither Mundoval Capital nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this Site, or resulting from the act or omission of any other party involved in making this Site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the Site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Mundoval Capital or of any vendor providing software or services support.

Use of Links Links (also known as “hyperlinks”) to or from other Internet sites may be included at times for the convenience of the user. Mundoval Capital assumes no responsibility for the content of any linked site. The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site.

Limited Availability of Investment Programs Only qualified institutional investors may invest in the Limited Partnership maintained by Mundoval Capital.