Disclaimer

The information contained herein is not for retail investors but intended for use by institutional and professional investors including “Qualified Purchaser” within the meaning of the 1940 Act which also qualifies it for the status of “Qualified Eligible Person” under CFTC Regulation 4.7.

Alternative investments are speculative, involve substantial risks and are not suitable for all investors. This information is not a solicitation for investment. Such investment is only offered on the basis of information and representations made in the appropriate offering documentation. Past performance is not necessarily indicative of future results.

3D Hedged Equity is comprised of actual 3D Defender and actual S&P 500 returns. The combination is a hypothetical, which can be customized. 3D Hedged Equity is 50% 3D Defender & 50% S&P 500 created by combining the S&P 500 return net of 4 basis point monthly management fee, and the 3D Defender net return in these percentages, assumes a $1 million account. 3D Defender returns are calculated based on an assumed funding level of 25% of Trading Level and are intended to show the impact that 75% notional funding has on returns (when those returns are expressed as a percentage of account value rather than Trading Level). 3D Defender returns represent the actual performance of a proprietary account traded by the Advisor, net of the Advisor’s 1.25% management fee and 15% incentive fee charged on the Trading Level of the 3D Defender component. Returns do not include interest income. The 3D Defender component does not fluctuate with prior month’s profits or losses. 3D Defender live track record begins in February 2011 and was enhanced in November 2013. The track record since inception is available upon request. Long/Short Equity Benchmark is Eurekahedge Long Short Equities Hedge Fund Index - an equal weighted index with approximately 948 constituent funds.

HYPOTHETICAL PERFORMANCE RISK DISCLOSURE

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND FOREIGN EXCHANGE (“FOREX”) IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES AS WELL AS GAINS. YOU SHOULD CAREFULLY CONSIDER WEATHER COMMODITY FUTURES, OPTIONS AND FOREX IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR (“CTA”) IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION (“CFTC”) TO ISSUE THE PROSPECTIVE CLIENTS A RISK DISCLOSURE OUTLINING THESE FEES, CONFLICT OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE IMMEDIATELY AVAILABLE UPON REQUEST. THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CANNOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE RISK DISCLOSURE DOCUMENT. THE CFTC HAS NOT PASSED ON THE MERITS OF PARTICIPATING IN ANY OF THE PRECEDING PROGRAMS NOT ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. AN INVESTOR MUST READ AND UNDERSTAND THE MANAGER’S CURRENT DISCLOSURE STATEMENT BEFORE INVESTING.