Fund Disclaimer

This information and presentation contained herein do not constitute a recommendation, an offer to sell, or a solicitation of an offer to purchase any securities and may not be relied upon to evaluate the merits of investing in the securities described herein. An offer to invest will only be made only by means of the offering documents, to be furnished to prospective qualified investors, which will contain a description of the material terms (including, without limitation, risk factors, conflicts interests, fees and expenses, and tax aspects) relating to the offering. Prospective investors should review the offering documents before deciding to

invest and should only rely on the offering documents to decide whether to invest.

The description of the investment opportunity contained herein and any other materials provided to you in connection with the offering are intended only for informational and educational purposes. The information is not intended to provide, and should not be relied upon for, tax, legal, accounting, or other advice or investment recommendations. You should consult your tax, legal, accounting, or other advisors about the issues discussed herein. The descriptions contained herein are a summary of certain terms and are not intended to be complete. Although this presentation is based upon information the Manager considers reliable, the Manager does not guarantee that the information and presentation is accurate, current, or complete, and it should not be relied upon as such.

Any investor information and presentation is confidential and intended solely for the information of the person to whom it has been delivered. Recipients may not reproduce this information or presentation for, or transmit them to, third parties. This information and presentation 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 local law or regulation.

The investment opportunity described herein is speculative and involves a high degree of risk. Identifying and making successful investments can be difficult and performance may be volatile. There can be no assurance that the investment objectives will be achieved. The management fees, incentive allocations, and other expenses may offset or exceed profits from the investment. An investor could lose all, or a substantial amount of its investment. There is very limited liquidity in the investment, no secondary market for interests in the investment is expected to develop, and there are severe restrictions on an investor’s ability to withdraw or transfer interests in the investment.

Although the targeted returns included herein and in the presentation have been reviewed by the Manager and are based on its reasonable assumptions, such targeted returns should not be regarded as a representation or warranty that they will actually be achieved, and the Manager and its affiliates disclaim any liability

that may be based on such targeted returns, or on errors or omissions relating to such targeted returns. Distributions are not guaranteed and are based on available cash flow. The past performance information of the Manager and its affiliates is not necessarily indicative of future results, and there can be no assurance that the investment opportunity will achieve its investment objectives or results similar to the prior investment results of the Manager or its affiliates.