Important Information About Dentonia Park Funds and Managed Accounts

This document and the information herein is confidential and intended solely for the addressee, and may not be published, distributed or disclosed without the express written consent of Dentonia Park Capital Management LLC ("Dentonia Park").

Performance information is provided solely to illustrate the historical performance of Dentonia Park and the investment funds and managed accounts it advises (each a "Fund" or "Account"). Past performance is not a guarantee of future results and the reader should not assume that the future performance of any Fund or Account will equal the prior performance of such Fund or Account or Dentonia Park generally or that the investment objectives of any Fund or Account will be achieved. This document shall not constitute an offer to sell interests in any Fund or Account or a solicitation of an offer to purchase such interests, which offer or solicitation shall be made only pursuant to the definitive offering memorandum and subscription documents of such Fund or Account.

Performance, attribution, exposure and other figures presented in this document were prepared by Dentonia Park, have not been audited or reviewed by any third party, and may be subject to revision. Performance information may not reflect any investor’s actual return. Performance figures represent the compounded, time-weighted return of a specified Fund or Account (or aggregate Funds or Accounts if so specified), reflect the reinvestment of dividends and other earnings and the inclusion of profit or loss from “new issues,” and assume that any prior unrecovered loss or “high water mark” is applied. Gross performance figures exclude certain estimated expenses, including management and performance fees and/or allocations, while Net performance figures reflect application of a 2% management fee and a 20% incentive fee on the equity strategy and a 1% management fee and a 10% incentive fee on the fixed income strategy. Estimates presented as of a date other than the end of a month do not reflect application of complete month-end valuation policies or accruals for fees, charges or other costs, and may reflect the aggregate performance of accounts managed on a similar basis. No investor has received the intra-month return estimated. Accordingly, such intra-month estimates are provided for informational purposes only and should not be relied upon in making investment decisions. Top 5 positions represent Fund or Account holdings in quoted equity securities and proprietary positions may be excluded. Exposure, attribution and position statistics presented as of the last day of a month are exclusive of both redemptions effective as of such date and subscriptions effective as of the immediately succeeding date. The presentation format and computation methodology of performance, exposure and attribution data are subject to change without notice. Dentonia Park may cease to provide information not required to be provided by a Fund’s or Account’s definitive offering documents at any time in its sole discretion. Investment terms may vary and investors’ performance may vary from the Fund’s or Accounts’ overall performance. The foregoing presentation may reflect characteristics of the Funds or Accounts as of a certain date, but should not be read to imply any restrictions on the Funds’ or Accounts’ investment program. There are no restrictions on the Funds’ and Accounts’ investment program except those set forth in each Fund’s definitive offering documents.

Any comparison with the S&P 500 Total Return Index or any other index is for information purposes only. These indices are not benchmarks of the Funds’ or Accounts’ performance. The volatility of these indices may be materially different than that of the Funds and the Accounts and the Funds’ and Accounts’ holdings may differ significantly from the securities that comprise the index. The S&P 500 Total Return Index is a market-capitalization weighted index containing 500 widely held companies chosen with respect to market size, liquidity, and industry, calculated on a total return basis with dividends reinvested. The investment program of each Fund and Account is set forth in such Fund’s and Account’s definitive offering documents. No discussion of general market conditions or conditions applicable to any sector or region should be construed as research or investment advice or as a recommendation to buy or sell any security.

Risks Associated with the Funds’ and Accounts’ Investment Program

Alternative investment programs may not be suitable for certain investors. Investors and prospective investors in any Fund or Account must be able to bear the risks involved and must meet such Fund’s or Account’s suitability requirements. Investment in the Funds and Accounts is speculative and involves a substantial degree of risk, including the risk of loss of principal. This document is a summary, and does not take into account the particular investment objectives or financial circumstances of any person who may receive it. Before making an investment in any Fund or Account, prospective investors are advised to thoroughly and carefully review such Fund’s or Account’s offering memorandum and subscription documents, including the disclosures and risk factors therein, with their financial, legal and tax advisors to determine whether an investment is suitable for them.

The Funds and Accounts are not subject to the same regulatory requirements as mutual funds, such as mutual fund requirements to provide certain periodic and standardized pricing and valuation information to investors. The Funds and Accounts may be leveraged and engage in other speculative investment practices that may increase the risk of investment loss. The Funds and Accounts performance may be volatile.

The Funds are highly illiquid. There is no secondary market for an investor’s interest in a Fund and none is expected to develop. There are restrictions on transferring interests in the Funds. The instruments in which the Funds invest may involve complex tax structures and there may be delays in distributing important tax information. Certain of the trades executed for the Funds and Accounts may take place on foreign markets, which inherently involves a greater degree of risk. Management of the Funds and Accounts is subject to various other risk factors, conflicts of interest and potential conflicts of interest. For further information regarding the risk factors and conflicts of interest with respect to each Fund and Account, please refer to such Fund’s and Account’s offering memorandum and subscription documents.

Placement Agent

Dentonia Park may from time to time engage registered broker-dealers and members of the Financial Industry Regulatory Authority, Inc. to act as placement agents for the Funds. Such agents may be entitled to receive compensation from Dentonia Park in connection with certain sales of Fund and Account interests. Although such agents may provide summary information regarding the Funds and Accounts, no agent shall provide "due diligence" on an investor’s behalf or be responsible for an investor’s investment decisions unless specifically agreed in writing between such agent and the investor. The information contained herein has been supplied by Dentonia Park, and no representation or warranty is made by any agent as to the accuracy, timeliness or completeness of such information.

Additional information is available through our password protected website,