Disclaimer

Neither Hennessee Group LLC, nor its officers, directors, agents or employees makes any warranty, express or implied, as to the suitability of any hedge fund as an investment or of any kind whatsoever, or assumes any responsibility for, and none of these parties shall be liable for, any losses, damages, costs, or expenses, of any kind or description, arising out of this presentation or your investment in any hedge fund.   You understand that you are solely responsible for reviewing any fund, its offering and any statements made by a fund or its manager and for performing such due diligence as you may deem appropriate, including consulting your own legal and tax advisers, and that any information provided by Hennessee Group LLC shall not form the primary basis of your investment decision.

This material is based upon information Hennessee Group LLC believes reliable. However, Hennessee Group LLC does not represent that it is accurate, complete, and/or up-to-date and, if applicable, time indicated. Hennessee Group LLC does not accept any responsibility to update any opinion, analyses or other information contained in the material.

This material is for your general information only and is not an offer or solicitation to buy or sell any security including any interest in a hedge fund.

It is Hennessee Group’s policy to have written advisory agreements. An investment advisory relationship between Hennessee Group and any entity or person will commence upon execution of the advisory agreement. Verbal discussion of a relationship with Hennessee at any point in time prior to the proper execution of an advisory agreement will not constitute advice given by Hennessee Group or a relationship with Hennessee Group.

Hedge Fund Disclosures:

• Hedge funds can be speculative and may involve a high degree of risk.

• Hedge funds may use leverage.

• Hedge funds may have performance that is volatile.

• An investor could lose all or a substantial amount of their investment.

• The fund manager has total trading authority over the fund. The use of a single advisor applying generally similar trading programs could result in a lack of diversification and, consequentially, higher risk.

• There is no secondary market for the investor’s interest in the fund and none is expected to develop.

• There may be restrictions on redeeming interests in the fund.

• The fund’s fees and expenses may offset the fund’s trading profits.

• Some hedge funds can execute a substantial portion of the trades executed for the fund on a foreign exchange.

• The amount of disclosure received by Hennessee Group for Level 1 through 5 of the manager selection process may vary by manager and is only performed once. However, monitoring is performed on an ongoing basis.