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Disclaimer: The information contained herein is provided for informational purposes only, is not complete, and does not contain certain material information about the opportunity, including important disclosures relating to the risks, fees, expenses, liquidity restrictions and other terms of investing in the opportunity, risks and potential conflicts of interest. The information contained herein is provided for discussion purposes only and is subject to change without notice. The information contained herein does not consider the investment objectives or the financial condition or other circumstances of any individual investor. This document does not constitute an offer of investment advisory services by Primario Capital or its affiliates, nor does it constitute an offering of interests. Any such offering is made solely pursuant to the private offering memorandum and definitive governing agreements of Primario Capital (the “Fund”). An investment in the Fund is suitable only for qualified investors that fully understand the risks associated with such an investment. All investments carry a certain degree of risk and investors should review the private offering memorandum and their own investment objectives, risk tolerance, tax objectives and liquidity needs with their investment advisor before making an investment decision. No chart, graph or other figure provided should be used to determine which securities to buy or sell. Unless indicated to the contrary, all opinions, beliefs, data and information is subject to change without notice. Nothing contained herein is intended to be, and you should not consider anything contained herein to be, investment, accounting, tax or legal advice. This document is intended solely to provide general information regarding Primario Capital and the Fund. Primario Capital does not solicit or make its services available to the general public. Under no circumstances should any information provided herein be used or considered as an offer to sell or a solicitation of an offer to buy an interest in the Fund or any other security. Although this information may include investment-related information, nothing provided herein is a recommendation that you purchase, sell or hold any security or other investment, or that you pursue any investment style or strategy. This document is confidential, is intended solely for the person to whom it has been sent and may not be shown, copied, transmitted, or otherwise given to any person other than the authorized recipient. Certain information contained in these materials has been obtained from published and non-published sources prepared by third parties, which, in certain cases, have not been updated through the date hereof. While such information is believed to be reliable, Primario Capital has not independently verified such information, nor does it assume any responsibility for the accuracy or completeness of such information. Except as otherwise indicated herein, the information, opinions and estimates provided in this presentation are based on matters and information as they exist as of the date these materials have been prepared and not as of any future date and will not be updated or otherwise revised to reflect information that is subsequently discovered or available, or for changes in circumstances occurring after the date hereof. Primario Capital’s opinions and estimates constitute Primario Capital’s judgment and should be regarded as indicative, preliminary and for illustrative purposes only. Past performance is not necessarily indicative of future results and there can be no assurance that targeted returns will be achieved. There can be no assurance that the Fund will achieve results comparable to or that the returns generated will equal or exceed those of other investment activities of Primario Capital or its affiliates or that the Fund will be able to implement its investment strategy or achieve its investment objectives. Primario Capital does not make any representation or warranty, express or implied, regarding future performance. Targeted investor returns shown herein are based on assumptions and calculations of Primario Capital using data available to it. Targeted returns are subjective and should not be construed as providing any assurance to the results that may be realized by the fund in the future. Statements contained herein that are not historical facts are based on current expectations, estimates, projections, opinion or beliefs of Primario Capital as of the date indicated. By using or relying on this information, the reader agrees that Primario Capital shall have no liability for the accuracy of the information contained herein, for delays or omissions therein, or for any results based on the use of, or reliance on, such information. To the extent any information herein represents, or is based upon, “forward-looking statements” or information (which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipation,” “project,” “estimate,” “intend,” “target” or “believe” or comparable terminology), please note that, due to various risks and uncertainties, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements or information. In addition, past or projected performance of Primario Capital and its principals is not necessarily indicative of future results. Primario Capital makes no guarantee that the Fund or any of its investments will be able to achieve these targets. Targets are objectives and should not be construed as providing any assurance as to the results that may be realized in the future from investments in the Fund. The results of the Fund and its investments may differ significantly from any performance data provided or referenced herein due to a number of factors and any such difference may be material. Investors can lose their investment in whole or in part.