Disclosure

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THIS PRESENTATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF ANY OFFER TO BUY an interest in ANY FUND MANAGED BY HEADSTREAM CAPITAL PARTNERS, LP (“HEADSTREAM”), WHICH MAY ONLY BE MADE AT THE TIME A QUALIFIED OFFEREE RECEIVES A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM (“CPOM”) DESCRIBING THE OFFERING AND RELATED SUBSCRIPTION AGREEMENT AND IN THE CASE OF ANY INCONSISTENCY BETWEEN THE DESCRIPTIONS OR TERMS IN THIS PRESENTATION AND THE CPOM, THE CPOM SHALL CONTROL. THESE SECURITIES SHALL NOT BE OFFERED OR SOLD IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL UNTIL THE REQUIREMENTS OF THE LAWS OF SUCH JURISDICTION HAVE BEEN SATISFIED. While all the information prepared in this presentation is believed to be accurate, HEADSTREAM makes no express warranty as to the completeness or accuracy OF THE INFORMATION appearing in this presentation. Any projections, market outlooks or estimates in this presentation are forward‑looking statements and are based upon certain assumptions. Other events which were not taken into account may occur and may significantly affect the returns or performance of A HEADSTREAM PRODUCT. Any projections, outlooks or assumptions should not be construed to be indicative of the actual events which will occur. THIS PRESENTATION IS NOT INTENDED FOR PUBLIC USE OR DISTRIBUTION