THIS WEBSITE IS NOT A PART OF, AND SHOULD NOT BE CONSTRUED AS PART OF, ANY OFFER TO SELL OR ANY SOLICITATION OF AN OFFER TO BUY ANY LIMITED PARTNERSHIP OR OTHER INTEREST IN HALBAR PARTNERS OR ITS INVESTMENT STRATEGIES (“INVESTMENTS”). SUCH AN OFFER WITH RESPECT TO THE INVESTMENTS CAN ONLY BE MADE THROUGH THE DELIVERY OF THE CONFIDENTIAL OFFERING MEMORANDUM (THE “MEMORANDUM”) WHEN AND AS SUCH MEMORANDUM MAY BE FURNISHED, AND ONLY TO QUALIFIED INVESTORS IN JURISDICTIONS WHERE PERMITTED BY LAW. THEREFORE, THIS WEBSITE IS BEING PROVIDED FOR INFORMATIONAL AND DISCUSSION PURPOSES ONLY. THE INVESTMENTS S INTERESTS (I) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT, OR THE SECURITIES LAWS OF ANY U.S. STATE OR ANY NON-U.S. JURISDICTION, (II) ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SUCH LAWS, AND (III) MAY NOT BE TRANSFERRED, ASSIGNED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE U.S. STATE AND NON-U.S. SECURITIES LAWS AND IN ACCORDANCE WITH THE FUND’S GOVERNING DOCUMENTS.

THESE WEBSITE IS IN A DIGITAL FORMAT AND THEREFORE IS VERY LIMITED IN PAGE SCOPE AND NOT MEANT TO PROVIDE COMPREHENSIVE DESCRIPTIONS OR DISCUSSIONS OF THE TOPICS MENTIONED HEREIN. AS A RESULT, THIS WEBSITE SHOULD NOT BE RELIED UPON OR OTHERWISE UTILIZED IN ANY MANNER BY THE RECIPIENT IN CONNECTION WITH ANY DECISION TO MAKE AN INVESTMENT. SUCH A DECISION SHOULD ONLY BE MADE AFTER CAREFUL REVIEW OF THE MEMORANDUM AND OTHER LEGAL DOCUMENTATION WITH RESPECT TO EACH INVESTMENT, WHICH SUCH MATERIALS WILL SUPERSEDE THE INFORMATION CONTAINED HEREIN. ANY INVESTMENT DISCUSSED HEREIN IS HIGHLY SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK OF LOSS OF SOME OR ALL AMOUNTS INVESTED.

AN INVESTMENT IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK. EACH INVESTMENT  IS NOT INTENDED TO BE A COMPLETE INVESTMENT PROGRAM. EACH INVESTMENT AND THE INVESTMENT MANAGER (THE “INVESTMENT MANAGER”) MAY BE NEWLY FORMED ENTITIES WITH NO OPERATING HISTORY AND MAY INTEND TO EMPLOY CERTAIN STRATEGIES AND TECHNIQUES, WHICH MAY INCREASE THE RISK OF INVESTMENT LOSS. THE INVESTMENT MANAGER’S INVESTMENT PROGRAM INVOLVES SUBSTANTIAL RISK, INCLUDING THE LOSS OF PRINCIPAL, AND NO ASSURANCE CAN BE GIVEN THAT THE INVESTMENT’S OBJECTIVES WILL BE ACHIEVED. AS A RESULT, THE INVESTMENT’S PERFORMANCE MAY BE VOLATILE, AND AN INVESTOR COULD LOSE ALL OR A SUBSTANTIAL AMOUNT OF HIS OR HER INVESTMENT.

THIS WEBSITE IS INTENDED FOR INFORMATION PURPOSES ONLY AND SHOULD BE USED ONLY BY SOPHISTICATED INVESTORS WHO ARE KNOWLEDGEABLE OF THE RISKS INVOLVED. THIS WEBSITE IS NOT MEANT AS A GENERAL GUIDE TO INVESTING, OR AS A SOURCE OF ANY SPECIFIC INVESTMENT RECOMMENDATION, AND MAKES NO IMPLIED OR EXPRESS RECOMMENDATIONS CONCERNING THE MATTER IN WHICH ANY ACCOUNTS SHOULD OR WOULD BE HANDLED. UNLESS OTHERWISE STATED ON A PAGE, THE INFORMATION CONTAINED HEREIN IS ACCURATE AS OF THE DATE OF PUBLICATION AND NEITHER THE PUBLICATION OF THIS WEBSITE AT ANY TIME WILL UNDER ANY CIRCUMSTANCES CREATE AN IMPLICATION THAT THE INFORMATION CONTAINED HEREIN IS CORRECT AS OF ANY TIME SUBSEQUENT TO SUCH DATE. CERTAIN INFORMATION CONTAINED HEREIN (INCLUDING FORWARD- LOOKING STATEMENTS) HAS BEEN OBTAINED FROM SOURCES PREPARED BY OTHER PARTIES. WHILE SUCH INFORMATION AND THE OTHER INFORMATION PROVIDED HEREIN IS BELIEVED TO BE ACCURATE AND RELIABLE, NONE OF EACH INVESTMENT, THE GENERAL PARTNER OF EACH INVESTMENT (THE “GENERAL PARTNER”), THE INVESTMENT MANAGER, EACH INVESTMENT NOR THEIR RESPECTIVE AFFILIATES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY OR COMPLETENESS OF ANY INFORMATION CONTAINED IN THIS WEBSITE AND THE VIEWS AND OPINIONS HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE. THE INVESTMENT MANAGER RESERVES THE RIGHT TO SUPPLEMENT, AMEND OR REPLACE THESE WEBSITE PAGES AT ANY TIME, BUT HAS NO OBLIGATION TO PROVIDE THE RECIPIENT WITH ANY SUPPLEMENTAL, AMENDED, REPLACEMENT OR ADDITIONAL INFORMATION.

ANY PAST OR TARGETED PERFORMANCE DETAILED ON THIS WEBSITE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS AND THERE CAN BE NO ASSURANCE THAT EACH INVESTMENT WILL ACHIEVE COMPARABLE RESULTS, THAT TARGETED RETURNS WILL BE MET, OR THAT EACH INVESTMENT WILL BE ABLE TO IMPLEMENT ITS STRATEGY OR ACHIEVE ITS INVESTMENT OBJECTIVES. IN ALL CASES, PROSPECTIVE INVESTORS SHOULD CONDUCT THEIR OWN INVESTIGATION AND ANALYSIS OF THE INFORMATION CONTAINED IN THIS PRESENTATION.

THE DEVELOPMENT OF AN INVESTMENT STRATEGY, PORTFOLIO CONSTRUCTION GUIDELINES AND RISK MANAGEMENT TECHNIQUES FOR THE FUND IS AN ONGOING PROCESS. THE STRATEGIES, TECHNIQUES AND METHODS DESCRIBED HEREIN, AND THE ASSETS IN WHICH THE FUND MAY INVEST, MAY THEREFORE BE MODIFIED BY THE INVESTMENT MANAGER FROM TIME TO TIME AND OVER TIME. NOTHING ON THESE WEBSITE PAGES SHALL IN ANY WAY BE DEEMED TO LIMIT THE STRATEGIES, TECHNIQUES, METHODS OR PROCESSES WHICH THE INVESTMENT MANAGER MAY ADOPT FOR EACH INVESTMENT, THE FACTORS THAT INVESTMENT MANAGER MAY TAKE INTO ACCOUNT IN ANALYZING INVESTMENTS FOR THE FUND OR THE ASSETS IN WHICH EACH INVESTMENT MAY INVEST.

CERTAIN INFORMATION CONTAINED ON THIS WEBSITE CONSTITUTES FORWARD LOOKING STATEMENTS, WHICH CAN BE IDENTIFIED BY THE WORDS “EXPECTS”, “INTENDS”, “ANTICIPATES”, “BELIEVES”, “ESTIMATES”, “MAY”, “MIGHT”, “WILL”, “WOULD”, “PROJECTS”, “PREDICTS” AND ANALOGOUS EXPRESSIONS. SUCH STATEMENTS ARE INHERENTLY SUBJECT TO A VARIETY OF RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS OR EVENTS TO DIFFER MATERIALLY FROM THOSE RESULTS OR EVENTS PREDICTED OR ANTICIPATED BY THESE STATEMENTS, INCLUDING ANY RESULTS DESCRIBED HEREIN. ACCORDINGLY, INVESTORS SHOULD NOT RELY ON THESE STATEMENTS. FORWARD LOOKING STATEMENTS SPEAK ONLY AS OF THE DATE OF AVAILABLE INFORMATION WHEN PUBLISHED FOR EACH INVESTMENT STRATEGY, THE FUND, THE GENERAL PARTNER, THE INVESTMENT MANAGER AND EACH INVESTMENT EXPRESSLY DISCLAIM ANY OBLIGATION OR UNDERTAKING TO RELEASE PUBLICLY ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENT CONTAINED HEREIN TO REFLECT ANY CHANGE IN THE EXPECTATIONS OF EACH INVESTMENT, THE GENERAL PARTNER OR THE INVESTMENT MANAGER WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED. THE RISKS AND UNCERTAINTIES ATTRIBUTABLE TO THESE FORWARD-LOOKING STATEMENTS MAY ADVERSELY AFFECT THE DISTRIBUTIONS TO BE MADE ON, OR THE RATE OF RETURN ON ANY INVESTMENT.