IMPORTANT DISCLOSURE:

 Lagoda Investment Management, L.P. (“Lagoda”) is an SEC registered investment adviser located in New York. Registration does not imply a certain level of skill or training. Lagoda and its personnel may only transact business in those states in which they are registered or notice filed (or in which they qualify from an exemption or exclusion from such requirements). For additional information about Lagoda, including its registration status and a copy of its current Form ADV, please visit the SEC’s investment adviser public disclosure (IAPD) website at  www.adviserinfo.sec.gov. A copy of Lagoda’s current written disclosure brochure discussing Lagoda’s business operations, services, and fees is available from Lagoda upon written request.

 Lagoda has prepared this website for the purpose of providing general information regarding its investment advisory services where providing such information is not prohibited by applicable law. The information contained on the website should not be construed as personalized investment advice and should not be considered as a solicitation to buy or sell any security or engage in a particular investment strategy. Further, the information on this website should not be construed as the receipt of, or a substitute for, personalized individual advice from Lagoda.

 All statements and opinions included on this website (including the description of Lagoda’s investment strategies discussed herein) are intended to be current as of the date of publication; such statements and opinions are subject to change without notice and do not necessarily represent the current statements and opinions of Lagoda. Lagoda does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to on this website or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

 Lagoda is not a law firm or accountant. Nothing herein should be interpreted by you as legal, accounting, or tax advice. You should seek the advice of a qualified attorney and/or accountant.

 Investing in the stock market involves gains and losses and may not be suitable for all investors. Past performance is no guarantee of future results.

 ACCESS TO THIS WEBSITE IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND WITHOUT ANY WARRANTIES, EXPRESSED OR IMPLIED, REGARDING THE ACCURACY, COMPLETENESS, TIMELINESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS WEB SITE OR ANY THIRD-PARTY WEBSITE LINKED TO HEREIN.