The information contained herein is subject to completion or change without notice, is provided for informational purposes only and does not purport to describe fully the business, operations, industry or securities described herein. While the information provided herein is believed to be accurate and reliable, we do not make any representation or warranty, express or implied, as to its accuracy or completeness. Any prior investment results and returns contained herein are provided for illustrative purposes only and are not necessarily indicative of the potential investment results. Prospective investors are cautioned not to use such information as the basis for any investment decisions. All prior investment results are approximated. Past performance is no guarantee of future results, and any past or targeted performance detailed herein is not necessarily indicative of future results and there can be no assurance that the investments will achieve comparable results, that modeled returns will be met, or that the investments will be able to achieve their investment objectives. Actual results may vary materially from the estimates and projected results contained herein. In all cases, prospective investors should conduct their own investigation and analysis of the information contained herein.

Under no circumstance shall this, or any information herein, be construed as an offer to sell or a solicitation of an offer to buy the securities or make the investments described herein. Any such offer will be made only by further documentation, as appropriate. Such an offering will be made on a confidential basis to a limited number of individuals only, in accordance with an exemption from registration under the Securities Act of 1933, as amended. Offers and sales will only be made to a person who has the knowledge and experience to evaluate the merits and risks of the investment and who has the economic means to afford the non-liquidity of such securities. The information herein should not be relied upon or otherwise utilized in any manner by the recipient in connection with any decision to make an investment in the investments or securities described herein. Such a decision should only be made after careful review of the further documentation and other legal documentation with respect to the securities or investments, which such materials will supersede the information contained herein. Any investment discussed herein is highly speculative and involves a high degree of risk of loss of some or all amounts invested.

By accepting this information, the recipient acknowledges that the information contained herein is confidential and proprietary and agrees that it will not photocopy, reproduce, provide or disclose to others, or use the information contained herein for any other purpose, and, upon request, will return it.