Disclaimer

Disclaimer and Other Important Information:

Not an Offer and Confidential: This video is intended for Qualified Eligible Purchasers only as defined under 17 CFR §4.7 who have the financial expertise to understand the risks associated with making an investment with Martin Fund Management LP (the “Firm”) and should not be redistributed to any person who does not meet such qualifications. The information contained herein is proprietary and confidential to the Firm and each of its collective funds, (each, a “Fund”) and may not be disclosed to third parties or duplicated or used for any purpose other than the purpose for which it has been provided. This communication is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund or account the Firm manages or offers. No offer or solicitation of the Fund will be made prior to the delivery of the Offering Documents (as defined below). Although the information provided herein has been obtained from sources which the Firm believes to be reliable, we do not guarantee its accuracy, and such information may be incomplete or condensed. The information is subject to change without notice and the Firm has no obligation to update you. Since we furnish all information as part of a general information service and without regard to your particular circumstances, the Firm shall not be liable for any damages arising out of any inaccuracy in the information.

Not the Basis for an Investment Decision: This video should not be the basis of an investment decision. An investment decision should be based on your customary and thorough due diligence procedures, which should include, but not be limited to, a thorough review of all relevant term sheets and other offering documents as well as consultation with legal, tax and regulatory experts. Any person subscribing for an investment must be able to bear the risks involved and must meet the particular Fund’s suitability requirements. Some or all alternative investment programs may not be suitable for certain investors. No assurance can be given that any Fund will meet its investment objectives or avoid losses. A discussion of some, but not all, of the risks and apparent and potential conflicts of interest associated with investing in the Fund can be found in the Fund’s private placement memoranda, subscription agreement, limited partnership or limited liability company agreement, articles of association or other offering documents as applicable, together with any supplements thereto (collectively, the “Offering Documents”), among those risks, which we wish to call to your attention, are the following:

Future Looking Statements and Opinions: The information included herein is NOT intended to contain or express exposure recommendations, guidelines or limits applicable to a Fund. The information does not disclose or contemplate the hedging or exit strategies of the Fund. While investors should understand and consider risks associated with position concentrations when making an investment decision, this video is not intended to aid an investor in evaluating such risk. The terms set forth in the Offering Documents are controlling in all respects should they conflict with any other term set forth in other marketing materials, and therefore, the Offering Documents must be reviewed carefully before making an investment and periodically while an investment is maintained.

Statements made in this video may include forward-looking statements which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or believe,” or the negatives thereof or other variations thereon or comparable terminology. These statements, including those relating to future financial expectations, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. They are subject to many inherent limitations, including business, economic and competitive uncertainties, and contingencies, many of which are beyond control, and which may or may not prove to be correct. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular investment. Any projections expressed in this communication may differ or be contrary to opinions expressed by others. Financial projections are subjective in many respects and thus are susceptible to multiple interpretations and market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. The information contained herein includes or is based upon various assumptions and opinions concerning various matters, the accuracy of which cannot be assured. The Firm does not take responsibility for such projections or forward-looking statements. No person or entity should rely on these forward-looking statements when making any investment decision.

Investment Risks: An investment in the Fund is not a complete investment program, is highly speculative and involves significant risk, including the risk of a complete loss of invested capital. The Fund is likely to be leveraged and may engage in other speculative investment practices, including hedging, that may increase the risk of investment loss. Past results of the Firm are not necessarily indicative of future performance of the Fund, and the

Fund’s performance may be volatile. The use of a single advisor could mean lack of diversification and, consequently, higher risk. The Fund may have varying liquidity provisions and limitations. There is no secondary market for investors’ interests in the Fund and none is expected to develop.

Not Legal, Accounting or Regulatory Advice: This material is not intended to represent the rendering of accounting, tax, legal or regulatory advice. This information is not, and under no circumstances is to be construed as, a prospectus, a public offering, or an offering memorandum as defined under applicable securities legislation. A change in the facts or circumstances of any transaction could materially affect the accounting, tax, legal or regulatory treatment for that transaction. The ultimate responsibility for the decision on the appropriate application of accounting, tax, legal and regulatory treatment rests with the investor and his or her accountants, tax and regulatory counsel. Potential investors should consult, and must rely on their own professional tax, legal and investment advisors as to matters concerning the Fund and their investments in the Fund. Prospective investors should inform themselves as to: (1) the legal requirements within their own jurisdictions for the purchase, holding or disposal of investments; (2) and applicable foreign exchange restrictions; and (3) any income and other taxes which may apply to their purchase, holding and disposal of investments or payments in respect of the investments of the Fund.