This document is for informational purposes and does not constitute an offer or solicitation of offers for purchases of any funds managed by Burlingame Asset Management, LLC. Such an offer and solicitation will only be pursuant to the Confidential Private Placement Memoranda relating to the fund. Historical data and other information contained herein are believed to be reliable but no representation is made as to the accuracy, completeness or suitability for any specific purpose. This document may not be reproduced or distributed without the permission of Burlingame Asset Management, LLC.