EFTA01362950.pdf

ADDITIONAL DISCLAIMERS NOT AN OFFER AND CONFIDENTIAL: This communication is provided for your internal use only. The Information contained herein is proprietary and confidential to Harvest Volatility Management LLC (the "Adviser) 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. Ai though the information provided herein has been obtains from sources which the Adviser 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. 'I his communication is for information 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 "Strategy") the Adviser manages or offers. Since we furnish ail information as part of a general information service and without regard to your particular circumstances, the Adviser shall not be liable for any damages arising out of any inaccuracy in the information. THIS DOCUMENT 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 ail relevant term sheets and other offering documents as well as consolation 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 Strategy'ssuitability requirements. Some or all alternative investment programs may not be suitabie for certain investors. No assurance can be given that any Strategy will meet its investment objectives or avoid losses. A discussion of some, but not all, of the risks associated with investing in the Strategy can be found in the Strategy's private placement memoranda, subscription agreement, limited partnership agreement, articles of association or other offering documents as applicable (collectively the "Offering Documents"), among those risks, which we wish to rail to your attention, are the following: FUTURE LOOKING STATEMENTS, PERFORMANCE DATA AND STRATEGY LEVEL PERFORMANCE REPORTING: The information in this report is NOT intended to contain or express exposure recommendations, guidelines or limits applicable to a Strategy. The information in this report does not disclose or contemplate the hedging or exit strategies of the Strategy. While investors should understand and consider risks associated with position concentrations when making an investment decision, this report 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 perloclIcaly while an investment Is maintained. Statements made in this release include forward. looking statements. 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. Uniess otherwise indicated, performance data is presented unaudited and "net" of management fees and other Strategy expenses (i.e. legal and accounting and other expenses as disclosed in the relevant Strategy's Offering Documents") and net of performance allocations. Due to the format of data available for the time periods indicated, both gross and net returns are difficult tocalculate precisely. Accordingly, the calculations have been made based on in some cases untied availab* data and a number of assumptions. Because of these tmkations, the performance information should not be relied upon as a precise reporting of gross or net performance, but rather merely a general indication of past performance. THE PERFORMANCE INFORMATION PRESENTED HEREIN MAY HAVE BEEN GENERATED DURING A PERIOD OF EXTRAORDINARY MARKET VOLATIUTY OR RELATIVE STABIUTY IN A PARTICULAR SECTOR: Accordingly, the performance is not necessarily indicative of results that the Strategy may achieve in the future. In addition, the foregoing results may be based or shown on an annual basis, but results for Individual months or quarters within each year may have been more favorable or less favorable than the results for the entire period, as the case may be. If index information is included, its merely to show the general trend in the markets in the periods Indicated and is not intends to imply that the portfolio was similar to the indices in either composition or element of risk. This report may indicate that it contains hypothetical or actual performance of specific strategies employed by The Adviser, such strategies may comprise only a portion of any specific account's portfolio, and, therefore, the reported strategy-level performance may not correspond to the performance of any account for the reported time penod. INVESTMENT RISKS: Investing in the Strategy is speculative and involves varying degrees of risk, including substantial degrees of risk in some cases. The Strategy may be leveraged and may engage In ocher speculative investment practices that may increase the risk of investment loss. Past results of the Strategy's investment managers not necessarily indicative of future performance of the Strategy, and the Strategy's performance may be volatile. The use of a single advisor could mean lack of diversification and, consequently, higher risk. The Strategy may have varying liquidity provisions and limitations. NOT LEGAL, ACCOUNTING OR REGULATORY ADVICE: This material is not Intended to represent the rendering of accounting. tax, legal or regulatory advice. 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 an their own professional tax, legal and investment advisors as to matters concerning the Strategy and their investments in the Strategy. 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, ridding and disposal of investments or payments in respect of the investments of the Strategy. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0052709 CONFIDENTIAL SDNY_GM_00198893 EFTA01362950